With $1.3 billion in debt and facing a standoff against labour union Teamsters, trucking company Yellow filed for bankruptcy.  ( 1 min )

Tesla's chief financial officer (CFO) Zach Kirkhorn had helped transform the automaker into a financial powerhouse since 2019. He has stepped down from his position effective Aug. 4.  ( 1 min )

Campbell Soup Company (CPB) has acquired Sovos Brands, Inc. (SOVO)—the parent company of brands such as Rao's pasta sauces, Noosa Yoghurt and Italian frozen food Michael Angelo's—for $2.7 billion  ( 1 min )

Tesla's chief financial officer (CFO) Zach Kirkhorn had helped transform the automaker into a financial powerhouse since 2019. He has stepped down from his position effective Aug. 4.  ( 17 min )

Campbell Soup Company (CPB) has acquired Sovos Brands, Inc. (SOVO)—the parent company of brands such as Rao's pasta sauces, Noosa Yoghurt and Italian frozen food Michael Angelo's—for $2.7 billion  ( 17 min )

With $1.3 billion in debt and facing a standoff against labour union Teamsters, trucking company Yellow filed for bankruptcy.  ( 17 min )

As if figuring out what to take in school isn't hard enough, you also have to find a way to pay for it.  ( 22 min )

Harvard University may have one of the country’s highest tuition rates, but many students pay far less thanks to a strong financial aid program.  ( 24 min )

Members of the LGBTQ+ community have had a harder time getting home mortgages, although that may be starting to change.  ( 26 min )

Mortgage rates showed a notable drop across almost every loan type, with the 30-year average reversing course after rising last week to its highest point in almost four weeks.  ( 20 min )

LGBTQ+ students may face unique challenges when paying for college, and many end up with excessive student loan debt after graduation.  ( 26 min )

Lindsey Bell, Chief Strategist at 248 Ventures, climbs back aboard The Express to take investors' temperatures following the Fitch credit rating downgrade. What's the message behind the drop from AAA to AA+, and why a potential government shutdown may make matters worse.  ( 19 min )

STEM degrees represent a lot of the top-paying programs, but even a liberal arts education can be a valuable stepping-stone to lucrative careers.  ( 26 min )

Members of the LGBTQ+ community face unique financial challenges related to marriage and family planning, debt, insurance, retirement, and more. Learn more about these issues.  ( 28 min )

Shares of Yellow dive after the trucking company filed for bankruptcy and Berkshire Hathaway reports a 6% increase in earnings after it boosted its investment income. Here’s what investors need to know today.  ( 18 min )

Surging U.S. corporate bankruptcies surpass the total for all of 2022 as filings reach pace on par with pandemic, global financial crisis years.  ( 18 min )

Default risk is the risk lenders take that companies or individuals will be unable to make the required payments on their debt obligations. Learn how its measured.  ( 23 min )

A sovereign bond is a debt security issued by a national government to borrow funds.  ( 21 min )

Investment grade refers to the quality of a company's credit rating, which is based upon the financial strength, future prospects, and past history.  ( 22 min )

Accelerated underwriting is a way to get life insurance without a medical exam. Here are the pros and cons of using this system.  ( 22 min )

A credit default swap (CDS) is a particular type of swap designed to transfer the credit exposure of fixed income products to another party.  ( 25 min )

A bond rating is a grade given to bonds that indicates their credit quality. Learn how credit rating agencies assign bond ratings.  ( 23 min )

Loss cost is the amount of money an insurer must pay to cover claims and the costs to administer and investigate such claims.  ( 18 min )

Typically comprised of liquid assets, loss reserves are an asset that allows an insurer to cover claims made against policies it underwrites.  ( 19 min )

Consumer advocate and insurance expert Doug Heller shares the ins and outs of auto insurance to help consumers make informed choices and protect themselves.  ( 29 min )

Riders are extra benefits that a policyholder can buy to add on to a life insurance policy and provide added protection if you meet their conditions.  ( 24 min )

International bonds are usually securities issued in one country but bought by an investor residing in another country and using its local currency.  ( 20 min )

Net amount at risk is the monetary difference between the death benefit paid by a permanent life insurance policy and the accrued cash value.  ( 19 min )

A policyholder’s personal liability insurance pays for covered losses and damages sustained by third parties, along with related legal costs. Learn how it works.  ( 21 min )

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That's how much market value Apple has lost over the course of a recent losing streak for its stock, according to Dow Jones Market Data as of Monday morning. Shares of Apple are falling Monday for a fifth consecutive trading session. The sell off intensified after Apple [reported earnings](https://  ( 21 min )

Investors are constantly looking for different ways to beat the market and there are several routes to follow in that pursuit. One common strategy is to keep track of the insiders’ moves. By insiders, we mean the corporate officers responsible for their own companies’ performance, who also naturally know the inner workings of the firms they work for better than anyone else. When they are seen picking up shares of company stock – by law they are required to make the transactions public – it sends  ( 34 min )

Zachary Kirkhorn, who some watchers of the EV company have said could take on an expanded role if CEO Elon Musk wanted to do less, is stepping down.  ( 26 min )

Sage Therapeutics says it is 'evaluating resource allocation, including pipeline prioritization and a workforce reorganization with a goal of extending our cash runway.'  ( 27 min )

PayPal would represent a blue-chip alternative to the largest stablecoin issuer, Tether, which could make $6 billion in profit this year.  ( 26 min )

American Airlines downgraded, United upgraded: Wall Street's top analys  ( 33 min )

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The EV maker appointed Vaibhav Taneja as chief financial officer, succeeding Kirkhorn.  ( 25 min )

Guggenheim analysts downgraded Cloudflare while Wedbush pulled Palo Alto Networks from its best ideas list as worries spread about cybersecurity spending.  ( 27 min )

(Bloomberg) -- Tyson Foods Inc. will shut down four additional chicken facilities after fiscal third-quarter sales trailed even the lowest of analyst estimates. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampProduction f  ( 32 min )

Stocks were setting up to recover from a recent bumpy patch early Monday, as earnings season starts to wind down and investors brace for an inflation reading crucial to Federal Reserve decision making.  ( 31 min )

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Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs. The company said Monday that the plants being closed are located in North Little Rock, Arkansas; Corydon, Indiana; Dexter, Missouri and Noel, Missouri. Tyson said that it will shift production to other facilities and halt operations at the four plants in the first two quarters of fiscal 2024.  ( 31 min )

Tesla said on Monday that Zachary Kirkhorn stepped down as its chief financial officer and named Vaibhav Taneja as its new finance chief. Taneja takes on the CFO role in addition to his role as chief accounting officer, the automaker said. Kirkhorn, who stepped down from his role on Friday, will remain with Tesla through the end of the year.  ( 30 min )

Kevin O'Leary, the entrepreneur and "Shark Tank" television star, expressed concern over a "crisis emerging" in the United States during a recent interview on Fox Business. O'Leary, who works closely with small and mid-sized businesses, said he doesn't see optimism increasing in the economy as some may suggest. Despite reports of optimism in the data, O'Leary's interactions with businesses across various states reveal a different reality — entrepreneurs are far from content with the prevailing e  ( 32 min )

Campbell said the deal for Sovos Brands is expected to close in December.  ( 26 min )

Nikola stock has been all over the place. The trend, despite all the volatility, is up. Shares have been boosted by demand for the company's hydrogen fuel cell-powered trucks.  ( 27 min )

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Tracy Britt Cool likened her approach in reaching out to businesses to applying for college scholarships, saying it takes energy and discipline.  ( 31 min )

Sales drop by more than expected in the second quarter, but BioNTech says its new 'variant-adapted Covid-19 vaccine' is still on track.  ( 27 min )

U.S. inflation data due this week could provide fresh catalysts to crypto markets that are in a bit of a slump.  ( 26 min )

The company is closing more meat-processing plants as it continues to try to fix its chicken business, while challenges persist across its beef and pork operations.  ( 25 min )

The maker of Ball Park hot dogs and other foods closed four chicken facilities to cut costs, recording an impairment charge.  ( 26 min )

(Bloomberg) -- Federal Reserve Bank of New York President John Williams sees the need to keep US monetary policy restrictive for some time and said interest-rate cuts may be warranted next year if inflation slows. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaNetanyahu Seeks to Chan  ( 30 min )

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In highly polarized times, no matter the cultural or political issue, broadly, 45% support you, 45% are against you, and about 10% are undecided.  ( 34 min )

American consumers have been turning more cautious and pulling back on their meat purchases as higher rent and interest rates squeeze household budgets, hurting sales at multinational meat packers such as Tyson and Hormel Foods. The U.S. meat packer, which had bumped up meat prices last year, reported a 3% drop in quarterly net sales to $13.14 billion, below analysts' expectations of $13.59 billion, based on Refinitiv data. The biggest U.S. meat company by sales, Tyson has also seen its margins come under pressure as declining U.S. cattle herds force it to pay more for livestock, while a lingering drought has pushed animal feeding expenses further up.  ( 31 min )

Campbell Soup stirs up its sauce portfolio with Sovos deal.  ( 31 min )

Block stock tumbled into the end of the week, but analysts are turning more upbeat given the fintech group's guidance and position among peers.  ( 26 min )

(Bloomberg) -- Nvidia Corp. has soared more than 200% this year, and if that’s used as a proxy for the bubble in artificial intelligence stocks, Morgan Stanley reckons the peak in the bull-run is near.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How J  ( 31 min )

Fortinet stock fell 25% on Friday after it warned of deals being delayed. Guggenheim's Raymond McDonough says it's time to buy the dip.  ( 26 min )

“It requires the discipline and the time and the energy to do it. And to invest in that.”  ( 31 min )

Sales drop by more than expected in the second quarter, but BioNTech says its new 'variant-adapted Covid-19 vaccine' is still on track.  ( 27 min )

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(Bloomberg) -- Palantir Technologies Inc. faces a fresh test of whether it can justify the artificial intelligence hype when it reports earnings later on Monday. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampThe da  ( 33 min )

Wall Street's main indexes ended the week lower on Friday with some investors taking profits after months of gains due to economic data, mixed earnings and rising Treasury yields. U.S. stocks have sharply rallied in 2023, with the benchmark S&P 500 clocking 16.6% gains year to date, fueled by optimism around artificial intelligence and hopes of a soft landing for the world's largest economy. Both Bank of America and JPMorgan last week ditched their forecasts for a U.S. recession.  ( 31 min )

Stocks were setting up to recover from a recent bumpy patch early Monday, as earnings season starts to wind down and investors brace for an inflation reading crucial to Federal Reserve decision making.  ( 31 min )

There is at least one problem with the stock market's rally.  ( 32 min )

(Bloomberg) -- Banks seeking to sell commercial-property loans are encountering a dried-up market with few options for an easy exit.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampLenders including Goldman Sachs Grou  ( 35 min )

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 9 min )

(Bloomberg) -- Oil held gains after Ukraine attacked another Russian vessel over the weekend, putting at risk significant flows of the nation’s commodities from the Black Sea such as crude and grains.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageDeSantis Camp Hit by Gloom a  ( 32 min )

Apartment buildings rose in value for years, but surging interest rates loom over the sector’s property owners now.  ( 26 min )

(Bloomberg) -- A fresh fiscal showdown is brewing in Washington that threatens to complicate the Federal Reserve’s policy making and strengthen Fitch Ratings’ warning that self-inflicted wounds are tarnishing America’s standing in the global economy.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rap  ( 32 min )

Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy and build factories for market access and cheap labour, bolstering the Chinese currency. A gentle downtrend in foreign direct investment gave way to a steep drop last quarter and inflows to China slammed to their lowest since records began 25 years ago, raising the prospect that the long-term trend is turning. Corporate leaders and their advisers say a shift is under way and the political concerns behind investment decisions are long term, which leaves the yuan facing pressure from what was long one of its staunchest supports.  ( 32 min )

U.S. inflation data due this week could provide fresh catalysts to crypto markets that are in a bit of a slump.  ( 26 min )

The 99-year-old company filed for Chapter 11 bankruptcy protection Sunday and said it will seek court authorization to make payments such as employees wages, salaries and benefits.  ( 26 min )

Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide. The Chapter 11 bankruptcy, which was filed Sunday, comes just three years after Yellow received $700 million in pandemic-era loans from the federal government. Former Yellow customers and shippers will face higher prices as they take their business to competitors, including FedEx or ABF Freight, experts say — noting Yellow historically offered the cheapest price points in the industry.  ( 31 min )

↗️ Berkshire Hathaway (BRK.B, BRK.A): Warren Buffett’s conglomerate swung to a second-quarter profit of  ( 21 min )

Investor morale in the euro zone unexpectedly rose in August, ending three consecutive months of decline as inflation has lost some of its explosive power, but there are no signs of a lasting turnaround in sentiment, a survey showed on Monday. Sentix's index for the euro zone rose to -18.9 points in August from -22.5 in July, beating expectations of analysts polled by Reuters of a further drop, to a reading of -24.3. Germany in particular has become "the sick man" of the euro zone and is weighing heavily on the region, said Sentix managing director Patrick Hussy, with investor morale in Europe's largest economy falling to its lowest level since October 2022.  ( 30 min )

Warren Buffett's Berkshire Hathaway reports second-quarter after-tax operating earnings of $10 billion, a quarterly record, trucking company Yellow files for bankruptcy, and Lucid slashes prices ahead of Monday's earnings report. Palantir also reports Monday, while UPS, Eli Lilly, and Walt Disney are scheduled to issue earnings later this week.  ( 27 min )

(Bloomberg) -- China raised its gold reserves for a ninth straight month in July as central bank purchases continue to underpin prices of the precious metal.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatMusk Says He May Need Surgery, Will Get MRI on Back and NeckShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampBullion hel  ( 30 min )

(Bloomberg) -- Warning bells are ringing for US stocks from signs that high fiscal spending, which underpinned economic growth this year, is unsustainable, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatMusk Says He May Need Surgery, Will Get MRI on Back and NeckShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How J  ( 32 min )

(Bloomberg) -- Investors in emerging markets are shifting to stocks from bonds as they prepare for the world after monetary tightening.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatMusk Says He May Need Surgery, Will Get MRI on Back and NeckShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampThere are early signs of a rotati  ( 32 min )

Saudi Arabia's state-run oil giant Aramcobrought in $30 billion in revenues in the second quarter, a nearly 40% decline from the same period the previous year, which it attributed to lower crude oil prices. Aramco is one of the biggest companies in the world, and Saudi Arabia is looking to oil revenues to fund ambitious plans to overhaul its economy.  ( 29 min )

(Bloomberg) -- China’s local government financing vehicles are showing more signs of stress, with a record number of them missing payments for a popular type of short-term debt last month. Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarUS Lab Behind Fusion Breakthrough Reache  ( 30 min )

Saudi Arabian state oil giant Aramco on Monday reported a near 38% drop in second-quarter net profit reflecting lower oil prices and thinner margins in refining and chemicals. Aramco's net profit fell to 112.81 billion riyals ($30.07 billion) for the quarter to June 30 from 181.64 billion a year earlier, the company said in a bourse filing, but topped the $29.8 billion expected by 15 analysts in an Aramco-provided poll. ($1 = 3.7513 riyals)  ( 29 min )

German industrial production dropped more strongly than forecast in June, according to data released on Monday, underlining the challenges faced by manufacturing amid a downturn in Europe's largest economy. "The minus in June provides a taster for the poor production figures that are on the horizon for the coming months," said Commerzbank chief economist Joerg Kraemer. The Germany's manufacturing sector has already had a difficult year so far due to dwindling orders, sluggish output and high prices, with the HCOB final Purchasing Managers' Index (PMI) for manufacturing falling for a sixth consecutive month in July.  ( 30 min )

China's state planner hinted of stimulus over three press conferences convened last week, but investors were underwhelmed by proposals to expand consumption in the automobile, real estate and services sectors as well as extend loan support tools for small and medium-sized enterprises until the end of 2024. As many of China's major markets grapple with higher borrowing costs amid a battle to bring down soaring inflation, authorities in Beijing are walking a tight rope in trying to boost domestic consumption without easing monetary policy too much lest it triggers large capital outflows. But South Korean exports to China, a leading indicator for imports to the Asian giant dropped 25.1% in July from a year earlier, the sharpest in three months.  ( 30 min )

Thailand is benefiting from India's rice export ban and has no reason to halt shipments of the grain itself, its commerce minister said on Monday. The government would ensure sufficient rice output for both domestic consumption and exports, and also make sure domestic prices are not too high, minister Jurin Laksanawisit told a press briefing. In the first seven months, Thailand shipped 4.8 million metric tons, he said, adding monthly exports stood at 700,000 to 800,000 metric tons.  ( 30 min )

Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts will start from this week, two people with knowledge of the matter said, as part of the bank's integration with UBS Group. Only about 20 bankers will likely be spared the cuts that will impact Credit Suisse's 100-people strong investment banking team based in the territory, the people said, declining to be identified as the discussions on the matter were private. Hong Kong makes up Credit Suisse's biggest share of investment bankers in Asia.  ( 31 min )

(Bloomberg) -- After India banned some rice exports to control domestic prices, traders are worried another food staple could be vulnerable: sugar.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageThe world has beco  ( 32 min )

When the chip designer Arm shortly sells shares in this year’s most closely watched initial public offering (IPO), it will represent for many the final Americanisation of a great British company.  ( 35 min )

(Bloomberg) -- Hedge funds ramped up their bearish Treasuries bets to a record last week just as yields surged toward multi-month highs, while more traditional investors were burnt having boosted wagers in the opposite direction with similar conviction.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampMusk Says He May Need Surgery, Will Get MRI on Back and NeckUkraine Black Sea Drone Attacks Signal  ( 31 min )

(Bloomberg) -- Yellow Corp. filed for bankruptcy after the trucking firm’s long-running financial woes were compounded by a dispute with its labor force. Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarUS Lab Behind Fusion Breakthrough Reaches Ignition AgainThe carrier listed  ( 31 min )

The bankruptcy follows years of struggles as it tried to address the debt it accumulated through a series of mergers and a $700 million federal Covid-19 relief loan.  ( 28 min )

(Bloomberg) -- The euro zone’s custodians have set a course for the biggest policy-inflicted blow since the currency was created.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageThe combination of higher interest r  ( 33 min )

Asian shares were trading mostly lower on Monday after U.S. employment data had Wall Street close out a losing week. Investors are also closely watching earnings reports due later this week, including from Disney in the U.S., Alibaba Group in China and Sony and SoftBank in Japan. Japan's benchmark Nikkei 225 recouped losses earlier in the day and was down less than 0.1% at 32,190.31 in morning trading.  ( 32 min )

(Bloomberg) -- Paytm founder Vijay Shekhar Sharma will acquire a 10.3% stake from China’s Ant Group Co., in an unusual transaction that won’t involve any cash payment or change in economic interest.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarUS Lab Behind Fusion Breakthrou  ( 30 min )

U.S. trucking firm Yellow Corp filed for Chapter 11 bankruptcy protection on Sunday, burdened with a heavy debt load after a series of mergers and following tense contract negotiations with the Teamsters Union.  ( 29 min )

Japanese authorities are unlikely to intervene in foreign exchange markets to prop up the yen as the currency has already found some support and will head much higher as U.S. interest rates peak, former finance official Eisuke Sakakibara said. Sakakibara gained a reputation as a market mover in the 1990s after devising several currency interventions during his time as vice finance minister, earning him the nickname "Mr Yen". The yen is poised to reach 130 against the U.S. dollar by the year end as the U.S. Federal Reserve ends its aggressive monetary tightening and as Japan's economic outlook brightens, Sakakibara told Reuters on Friday.  ( 31 min )

Bitcoin traded flat on Monday morning in Asia to stay just above US$29,000 as the token’s volatility rating hit a record low. The NFT market recorded losses while, in the U.S., equities traders await more earnings reports.  ( 31 min )

(Reuters) -Gold prices were off three-week lows on Monday after slowing U.S. job growth knocked the dollar and bond yields from their recent highs, while investors braced for this week's inflation test that could influence the Federal Reserve's policy path. The U.S. dollar index fell and benchmark 10-year Treasury yields slid from November highs after the Labor Department's employment report on Friday showed the economy added fewer jobs than expected in July. Markets also took stock of the labor department data showing solid wage gains and a decline in the unemployment rate that suggests continued tightness in labor market conditions.  ( 31 min )

(Bloomberg) -- Most Asian shares fell Monday after a mixed US jobs report and a reversal of gains on Wall Street that saw the S&P 500 lose a near 1% gain.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDan Loeb Surrendered But Meme Army Still Hits Bears for MillionsDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine’s Black Sea Drone Attacks Signal a Rapidly Expanding WarBenchma  ( 32 min )

The dollar was on the back foot on Monday after a mixed U.S. jobs report provided little directional conviction and as market focus turned to inflation data from the world's two largest economies due this week. While the dollar fell to a one-week low against a basket of currencies in the aftermath of the data, its losses were capped as the report pointed to a still-tight labour market, suggesting the Federal Reserve may need to keep rates higher for longer. "There was a narrative in there for everyone, depending on your bias," said Pepperstone's Head of Research Chris Weston of the jobs report.  ( 31 min )

(Bloomberg Markets) -- Money managers are navigating an historic shift: India’s ­population, at 1.43 billion, edged past China’s this year.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDan Loeb Surrendered But Meme Army Still Hits Bears for MillionsDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine’s Black Sea Drone Attacks Signal a Rapidly Expanding WarNow the world’s most p  ( 33 min )

(Bloomberg) -- A clear majority of investors expect a US recession before 2024 is out, leading them to view the current bull market in stocks as ephemeral and to favor long-term US Treasuries.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDan Loeb Surrendered But Meme Army Still Hits Bears for MillionsDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine’s Black Sea Drone Attacks  ( 33 min )

Buurtwinkels worden in hun voortbestaan bedreigd, meldde NU.nl zondag. Veel NUjij'ers hopen dat ze blijven bestaan, maar gaan zelf meestal naar een grote supermarktketen. Waarom willen ze het één, maar doen ze het ander? Een greep uit de reacties.  ( 5 min )

De websites van Maastricht Aachen Airport en de vereniging van openbaarvervoerbedrijven zijn maandag moeilijk bereikbaar door een cyberaanval. Een Russische hackersgroep zegt verantwoordelijk te zijn voor de aanval.  ( 3 min )

Buurtwinkels worden in hun voortbestaan bedreigd, meldde NU.nl zondag. Veel NUjij'ers hopen dat ze blijven bestaan, maar gaan zelf meestal naar een grote supermarktketen. Waarom willen ze het één, maar doen ze het ander? Een greep uit de reacties.  ( 5 min )

Buurtwinkels worden in hun voortbestaan bedreigd, meldde NU.nl zondag. Veel NUjij'ers hopen dat ze blijven bestaan, maar gaan zelf meestal naar een grote supermarktketen. Waarom willen ze het één, maar doen ze het ander? Een greep uit de reacties.  ( 5 min )

Het Saoedische staatsolieconcern Saudi Aramco heeft in het tweede kwartaal fors minder winst geboekt vanwege de lagere olieprijzen. Het bedrijf heeft verder te maken met een lagere productie.  ( 3 min )

Het Afvalfonds Verpakkingen is 'niet echt tevreden' over het inleveren van plastic flessen met statiegeld. De organisatie pleit in zijn jaarverslag over 2022 voor meer innamepunten.  ( 4 min )

Nationale-Nederlanden heeft tienduizenden klanten verkeerd en te laat geïnformeerd over hun pensioen. Daarom heeft toezichthouder AFM de verzekeringsmaatschappij een boete opgelegd van 425.000 euro.  ( 3 min )

PostNL heeft de afgelopen maanden meer pakketten verwerkt dan verwacht. Daarom is het postbedrijf positiever over de winst voor dit jaar.  ( 3 min )

Nederland heeft dit jaar tot dusver ruim vijfduizend toeristenvisa toegekend aan reizigers uit China. Nu ook daar de coronalockdowns eindelijk voorbij zijn, gaan Chinese toeristen mondjesmaat weer naar Europa op vakantie.  ( 4 min )

Shares of Yellow dive after the trucking company filed for bankruptcy and Berkshire Hathaway reports a 6% increase in earnings after it boosted its investment income. Here’s what investors need to know today.  ( 1 min )

Adjusted earnings provide a measurement of how current performance compares with performance in previous years.  ( 20 min )

Fuqua School of Business is a graduate business school at Duke University in Durham, North Carolina. It routinely ranks in the top 15 business schools.  ( 21 min )

Buying a car may be preferable to leasing one. Learn how to buy a car and what’s involved in the process.  ( 24 min )

Is the bond you are thinking of buying investment grade or junk? Find out how bonds are rated, who rates them, and how to read the grades.  ( 26 min )

Most all-perils homeowners insurance policies cover roof replacement if the damage is the result of an act of nature, but not if it's from wear and tear. Learn more.  ( 25 min )

Your company will benefit directly from the new skills and knowledge you acquire. Here's how to make your case for tuition reimbursement.  ( 25 min )

UNC Kenan-Flagler Business School is the University of North Carolina's business school, internationally renowned and recognized for its curriculum.  ( 22 min )

Magna cum laude is an honorific for a degree earned with great distinction. It means “with great praise” in Latin, and there’s no set grade point average (GPA) to get it.  ( 25 min )

Detailed description of how much an individual should consider paying for a car.  ( 21 min )

Investment banking focuses on raising capital while corporate finance deals with day-to-day financial operations.  ( 23 min )

Students with Perkins loans may be eligible for deferment, cancellation, discharge, or one of four income-driven repayment plans.  ( 26 min )

An occurrence policy covers claims made for injuries sustained during the life of an insurance policy, even if they're filed after the policy is canceled.  ( 19 min )

A civil authority clause is an insurance provision that outlines whether or not lost income will be reimbursed when a government entity denies access to covered property.  ( 19 min )

Reinsurance sidecars are financial entities that solicit private investment to underwrite a limited book of insurance policies for a limited period.  ( 19 min )

Here is how much each U.S. president contributed to the U.S. national debt, both by percentage and in dollar amounts.  ( 27 min )

Investors shouldn't try to 'time the market,' as poorly scheduled purchases and sales cost investors a fifth of their potential fund returns in the past decade.  ( 18 min )

"Barbie" isn't just one of 2023's biggest box office hits, it could also have a lasting financial impact on companies spanning fashion, entertainment, and home decor.  ( 19 min )

Learn more about the Kellogg School of Management, the business school at Northwestern University.  ( 21 min )

The Federal Direct Loan Program is a government program that provides low-interest loans with fixed interest rates to students. Learn how these loans work.  ( 25 min )

Health insurance is a type of contract in which a company agrees to pay some of a consumer's medical expenses in return for payment of a monthly premium.  ( 27 min )

Discover ways to save on your medical bills, trim your prescription costs, reduce billing errors, negotiate with your doctor’s office, and more.  ( 24 min )

Whether dealing with COVID-19 or trying to grow your business, a Small Business Administration loan can help. Learn the details and how to apply here.  ( 36 min )

Often buyers choose to trade-in their vehicle rather than selling it privately and separately. Find out why you should always put a down-payment and never trade-in for convenience.  ( 20 min )

Discover why shareholder rights plans are known as poison pills, and understand their benefits and drawbacks.  ( 19 min )

The key economic, investing, and business terms that dominated the 2020 presidential election.  ( 32 min )

Copays and coinsurance are two types of out-of-pocket costs, but they vary depending on the health insurance plan you choose.  ( 25 min )

Cecilia Rouse is the chairperson of the Council of Economic Advisers.  ( 24 min )

From instant closings to digitally-enabled design customization, owning a home will be very different in the next 20 years.  ( 24 min )

Government loans are either funded directly by the government or made by private lenders and backed by the government. Find out how government loans work.  ( 28 min )

An assignor is a person or entity who transfers rights or benefits to another party, the assignee. Read about the rights of the assignor vs assignee.  ( 23 min )

Firms will need to build more revenue, demonstrate profitability, and outgrow the value that venture capital is already bringing, experts say.  ( 20 min )

Certificates of deposit (CDs) can be invested for short-term and long-term gain, using strategies that boost the growth potential of these safer instruments.  ( 25 min )

A sandwich lease occurs when a lessee on a property leases to a third party, often as an investment strategy.  ( 21 min )

Unemployment insurance is a benefit for workers who have lost their jobs and meet certain eligibility requirements.  ( 28 min )

Credit quality is a measure of the financial solvency of a person, a company, or a government. Credit scores and credit ratings are measures of credit quality.  ( 22 min )

Continuing claims refers to the number of people who have already filed an initial claim and are still filing for unemployment benefits.  ( 22 min )

A homeowners insurance declaration page is a summary of the key facts about your policy. Here’s how to read yours and what it means.  ( 22 min )

Rent expense is the cost incurred by a business to utilize a property as an office, factory, storage, retail space, or general use space.  ( 23 min )

China's promised "basket of measures" to defuse local government debt risks is likely to include special bond issuance, debt swaps, loan rollovers, and something Beijing really loathes: dipping into the central budget. Local governments are fundamental to China's economy, with Beijing tasking provincial and city officials with meeting ambitious growth targets. Chinese leaders last month pledged, without detailing, to help ease their debts, signalling worries over a potential chain of municipal debt defaults destabilising the financial sector.  ( 32 min )

This year started with a red-hot stock market, there is no question of that. Since the start of 2023, even accounting for losses last week, the S&P 500 shows a year-to-date gain of 17%, and the NASDAQ is up 33%. Currently, the gains are narrow, mainly relying on a handful of deep-pocketed, big-name tech firms, but there’s a likelihood that investor money will start spreading more widely. If the bull market does widen out, it will raise the question of which stocks to buy. This is where Goldman S  ( 34 min )

Authentic Restaurant Brands is expected to buy Fiesta Restaurant Group for $225 million.  ( 25 min )

Falling inventories and tighter supply have lifted oil prices in recent days, but how long will the rally last?  ( 32 min )

The Bureau of Labor Statistics will release the consumer price index for July on Thursday, and the producer price index for July on Friday.  ( 27 min )

A clutch of top-tier Chinese economic data, second-quarter growth figures from Indonesia and the Philippines, and an Indian interest rate decision are the main events in Asia this week, with markets highly sensitive to rising global bond yields. The Nasdaq, S&P 500 and MSCI World index last week all registered their biggest weekly losses since March, and the MSCI Asia ex-Japan index's 2.3% fall was its biggest in six weeks. Driving the deterioration in risk appetite is the surge in global bond yields, especially U.S. market-based borrowing costs as the long end of the Treasury curve came under intense selling pressure.  ( 31 min )

Strategists have been rushing to catch up with the market, but stocks had other things in mind.  ( 26 min )

Berkshire's growing hoard of cash, nearing a record level, is an ongoing “problem” for Buffett—albeit a nice one to have.  ( 32 min )

Investors shouldn't try to 'time the market,' as poorly scheduled purchases and sales cost investors a fifth of their potential fund returns in the past decade.  ( 19 min )

Earnings season rolls along this week, with reports also due from Paramount, Eli Lilly, Wynn Resorts, and many more. And look out for crucial inflation indicators in economic data to be released at week's end.  ( 27 min )

FRANKFURT (Reuters) -Daimler Truck's Chief Financial Officer Jochen Goetz has died in a "tragic accident," the company said on Sunday. Goetz, 52, died on Saturday, a statement said, without giving details of the accident. Goetz spent his entire professional career, spanning more than 36 years, in the Daimler Group, and was largely responsible for the successful spin-off of Daimler Truck Holding from what is now the Mercedes-Benz Group in December 2021.  ( 31 min )

The tech IPO drought is likely over, but don't expect a flood either.  ( 33 min )

Many have no idea how much they should save or how to invest whatever money they sock away.  ( 35 min )

The week ahead will feature a crucial inflation report and earnings out of Disney, UPS, and Alibaba as second quarter earnings season winds down.  ( 35 min )

(Bloomberg) -- Saudi Arabia’s sovereign wealth fund reported a $15.6 billion comprehensive loss for 2022 after the value of its investments in SoftBank Vision Fund plunged and other tech ventures were hit by a market downturn.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayDan Loeb Surrendered but Meme Army Still Hits Bears for Million  ( 32 min )

Two key reports on inflation, the CPI and PPI, are due this week as are a host of quarterly earnings, including Disney, Tyson Foods, Beyond Meat, Rivian and UPS.  ( 32 min )

The design of 401(k)s and other retirement savings plans too often lead employees to make financially harmful mistakes. It doesn’t have to be that way.  ( 26 min )

Paramount Global is set to report second quarter earnings after the bell on Monday. Here's what to expect.  ( 33 min )

People are pouring money into assets that they see as a safer bet than the Turkish lira, which has declined by more than 80% in the past five years.  ( 23 min )

(Bloomberg) -- Poland has stopped shipping oil through part of the western section of the Druzhba pipeline that sends crude to Germany after a leak was detected late Saturday, according to Polish pipeline operator PERN.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamMallorca’s Prime Housing Market Gets Boost From American BuyersNetany  ( 30 min )

(Bloomberg) -- Dan Loeb is hardly the first Wall Street titan to lament how meme stock traders have made short selling a perilous endeavor. But that Loeb, who runs the hedge fund Third Point LLC, did so now is what’s interesting.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamMallorca’s Prime Housing Market Gets Boost From American Bu  ( 33 min )

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Yellow's apparently impending bankruptcy filing could further disrupt two #OverlandPark office properties — where the trucker leases more than 400,000 square feet — already under scrutiny from loan servicers.  ( 13 min )

Energy companies scramble to attract engineers as young workers fret over climate and job security.  ( 22 min )

The JPMorgan Equity Premium Income ETF’s (NYSEARCA:JEPI) combination of high yield and monthly payments has quickly made it one of the market’s most popular ETFs. Investors who like JEPI’s style now have another high-yield competitor to consider — the NEOS S&P 500 High Income ETF (BATS:SPYI), which also pays on a monthly basis and yields 10.7%. Let’s take a closer look at this intriguing new option for high-yield investors. What is SPYI ETF’s Strategy? Launched in August of 2022, SPYI is still a  ( 34 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

AustralianSuper, one of the world’s largest pensions, halved its Apple stock investment and sold Microsoft stock, while buying shares of Tesla and Nvidia.  ( 26 min )

As a pandemic-inspired boom ends, entrepreneurs and giant corporations alike are counting on customers to keep accumulating more stuff than they can squeeze into their homes.  ( 23 min )

During its second quarter earnings call, Main Street Capital Corp. announced it has made substantial progress on closing its second private loan investment fund.  ( 10 min )

With the company’s pandemic lift from the Covid-19 vaccine and drug sales over, Pfizer CEO Albert Bourla is betting on new drug approvals and deals.  ( 23 min )

A look at how companies and sectors performed in the second quarter of 2023.  ( 21 min )

Inflation and resentment are stoking heightened labor activism, with FedEx pilots rejecting a union-brokered deal.  ( 26 min )

‘Bear steepening’ trade drives 10-year Treasury yield close to a decade-plus high.  ( 26 min )

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(Bloomberg) -- A closely watched measure of US inflation will probably illustrate more of the moderate price growth that the Federal Reserve wants to see sustained.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamMallorca’s Prime Housing Market Gets Boost From American BuyersBerkshire Operating Earnings Jump on Insurance StrengthThe co  ( 35 min )

The presenters of Top Gear pulled no punches as they ridiculed Chinese cars on a visit to the country just over a decade ago.  ( 40 min )

(Bloomberg) -- Federal Reserve Governor Michelle Bowman said the US central bank may need to raise rates further in order to fully restore price stability.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamBerkshire Operating Earnings Jump on Insurance StrengthMallorca’s Prime Housing Market Gets Boost From American Buyers“Additional rat  ( 31 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

"If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill," Musk said in a post on X late on Saturday, adding that there will be no limits to funding the bills. "And we won't just sue, it will be extremely loud and we will go after the boards of directors of the companies too," Musk said later in response to a post about nothing changing behavior in the U.S. faster than a threat of legal action. Late last month, Musk said that monthly users of X reached a "new high" and shared a graph that showed the latest count as over 540 million.  ( 30 min )

The AI hype is real, and based on their latest earnings reports, all of the multibillion-dollar behemoths of tech sector are going all in.  ( 32 min )

(Bloomberg) -- Japan is leaving China behind as Asia’s two largest stock markets compete for investor capital, with the latter’s prospects clouded by long-running concerns about economic growth and geopolitical tensions with the West.Most Read from BloombergChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveBerkshire Operating Earnings Jump on Insurance StrengthProsecutors Alert Judge to Trump’s ‘Coming After You!’ PostThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal Team  ( 33 min )

Investors shouldn't try to 'time the market,' as poorly scheduled purchases and sales cost investors a fifth of their potential fund returns in the past decade.  ( 1 min )

"Barbie" isn't just one of 2023's biggest box office hits, it could also have a lasting financial impact on companies spanning fashion, entertainment, and home decor.  ( 1 min )

Elon Musk is bezig het merk Twitter uit te wissen. Hij vervangt het beetje bij beetje in X, een app waarmee alles kan: van berichten sturen tot geld overmaken. Dat doet denken aan het Chinese WeChat. Wat kunnen we verwachten?  ( 5 min )

Duitsland moet het aantal openbare oplaadpunten voor elektrische auto's drastisch verhogen om de verkoop van stekkerwagens bij te benen. Die oproep deed de Duitse vereniging voor de auto-industrie dit weekend.  ( 4 min )

Buurtwinkels in ons land staan zwaar onder druk en verdwijnen steeds vaker uit het straatbeeld. Vooral kleine ondernemers in dorpen en kleine gemeenten moeten noodgedwongen hun deuren sluiten. In de afgelopen vier jaar ging het om honderden winkels.  ( 5 min )

Reizen met de trein wordt steeds populairder, vooral onder mensen die klimaatvriendelijk op vakantie willen. Waar moet je op letten als je zo'n treinreis gaat boeken?  ( 4 min )

Buurtwinkels in ons land staan zwaar onder druk en verdwijnen steeds vaker uit het straatbeeld. Vooral kleine ondernemers in dorpen en kleine gemeenten moeten noodgedwongen hun deuren sluiten. In de afgelopen vier jaar ging het om honderden winkels.  ( 5 min )

The College Level Examination Program enables students to earn college credit for introductory-level courses through self-study and proctored or remote testing.  ( 20 min )

The Wharton School is the business school at the University of Pennsylvania. It is one of the most prestigious schools in the world.  ( 21 min )

Income-based repayment plans and forgiveness for public service employees can help you erase student debt.  ( 36 min )

In the business and finance industries, “B-School” is an abbreviated term for programs at colleges and universities specializing in business subjects.  ( 21 min )

Vandalism and malicious mischief insurance is a type of insurance coverage that protects against losses sustained as a result of vandals.  ( 21 min )

Is work experience or education more important for getting a good job? It depends on the field, but more education generally means more income.  ( 25 min )

Homeowners insurance provides peace of mind if disaster strikes, but the average cost is about $1,200 a year. Find out how to save money on your homeowners insurance.  ( 23 min )

CD beneficiaries inherit account balances when the account owner passes away. Learn what rules apply to CD beneficiaries.  ( 23 min )

Return on equity (ROE) vs. return on capital (ROC) are two distinctly different formulas, as one includes only combined profit while the other considers debt.  ( 20 min )

Short selling a stock means you are betting on the stock decreasing in price. Before taking on this investment, you should fully understand the risks.  ( 20 min )

A review of the most famous traders and infamous traders in history and how they affected the trading world, how they got their starts and what they're up to today.  ( 23 min )

Casualty insurance is a broad category of coverage against loss of property, damage or other liabilities. This includes workers' compensation.  ( 22 min )

Investing according to the rule of 72 is a good starting point for achieving your saving goals.  ( 19 min )

The graduate management admission test is an examination many business schools use to assess an applicant's aptitude in business reasoning and decision-making.  ( 22 min )

Find out which stocks are the largest positions in Warren Buffett's portfolio.  ( 25 min )

If you rent, you still need insurance for personal property and if anyone is injured at your place. It even covers losses when you travel.  ( 21 min )

Warren Buffett's Berkshire Hathaway reported net income of $35.91 billion for the second quarter, boosted by stock holdings such as Apple.  ( 17 min )

Discover what Warren Buffett's investment stance is toward gold and silver, why he likes one of them a lot and the other one not at all.  ( 18 min )

Defaults on student loans happen all the time and they can have substantial consequences on a borrower's financial future, but legislation pends to help out.  ( 23 min )

Commercial insurance, or business insurance, is coverage purchased by businesses to protect them from the costs of unexpected events during normal operations.  ( 21 min )

Parents want their kids to get a good education, but whether a private school is worth it depends on its cost, your child's aptitudes, and many other factors.  ( 22 min )

Some countries in Europe, such as Norway, Finland, and Germany, provide free or low-cost university education for all students.  ( 24 min )

Reality star Kylie Jenner just launched her own line of Bratz dolls. Jenner has a net worth of $680 million as of August 2023, thanks to her successful makeup brand, Kylie Cosmetics.  ( 19 min )

Certificates of deposit (CDs) vary in length, but there are some standard terms. Find out more about the most common maturities to choose for your savings goals.  ( 22 min )

Credit ratings are an important tool for borrowers, both individuals and corporations. Learn about the benefits to having a good credit rating and how to improve it.  ( 21 min )

Would you rather lend money to the United States, or New Zealand? Going by credit rating alone, that could be a tossup, after Fitch Ratings downgraded its assessment of the U.S. on Tuesday.  ( 19 min )

Learn the basic lingo of bonds to unveil familiar market dynamics and open to the door to becoming a competent bond investor.  ( 28 min )

In a first-loss policy, the insured agrees to take less than full value for damaged property in return for not being penalized for under-insuring the property.  ( 22 min )

Best's Capital Adequacy Relativity (BCAR) is a rating of an insurance company’s balance sheet strength. It examines an insurer’s leverage, underwriting activities, and financial performance.  ( 19 min )

Additional living expense insurance covers additional costs of living incurred by a policyholder who is temporarily displaced from their place of residence.  ( 23 min )

Though paid family and medical leave policies can provide needed financial support, each state determines how they work and what they actually entail.  ( 34 min )

The Iraqi dinar is a hot investment—but is it a wise one?  ( 23 min )

HUD homes have been acquired by the federal government after foreclosure on an FHA-insured mortgage. Learn more about the benefits and risks of buying one.  ( 31 min )

Avoid these common pitfalls if you're considering investing in rental property.  ( 23 min )

The chief operating officer (COO) is a senior executive tasked with overseeing the day-to-day administrative and operational functions of a business.  ( 28 min )

Renters insurance is property insurance that covers a policyholder’s belongings, liability, and possibly living expenses in case of a loss event.  ( 22 min )

Buffett's company sold a net $8 billion of stocks and only spent $1.4 billion on buybacks last quarter, meaning its cash pile swelled to $147 billion.  ( 31 min )

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(Bloomberg) -- Bond traders who just navigated their rockiest stretch in months will get little respite in the days ahead, which bring the biggest Treasury refunding slate since last year and a pivotal inflation reading.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamBerkshire Operating Earnings Jump on Insurance StrengthMallorca’s Pr  ( 32 min )

(Bloomberg) -- During periods of turmoil, gold tends to make headlines as fans of the precious metal argue it can act as a safe haven. But is it also an inflation hedge? Is it considered a risk asset? Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamMallorca’s Prime Housing Market Gets Boost From American BuyersBerkshire Operating Earn  ( 34 min )

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With federal student loan payments resuming in October, many borrowers are wondering how they will be able to keep up.  ( 35 min )

Find out which stocks are the largest positions in Warren Buffett's portfolio.  ( 25 min )

Warren Buffett's Berkshire Hathaway reported net income of $35.91 billion for the second quarter, boosted by stock holdings such as Apple.  ( 18 min )

Bowman said she supported the Fed's quarter-point increase in interest rates last month, given still-high inflation, strong consumer spending, a rebound in the housing market and a labor market that is helping to feed higher prices. "I also expect that additional rate increases will likely be needed to get inflation on a path down to the FOMC’s 2 percent target," she said in remarks prepared for delivery to the Kansas Bankers Association, referring to the Fed's rate-setting panel, the Federal Open Market Committee.  ( 30 min )

(Bloomberg) -- Saudi Arabia raised nearly all oil prices for September to Asia and Europe as supply restrictions and rising demand tightens the crude market.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamBerkshire Operating Earnings Jump on Insurance StrengthMallorca’s Prime Housing Market Gets Boost From American BuyersState-owned S  ( 31 min )

Many other public companies release their earnings results during the trading week.  ( 26 min )

Wall Street seems to be recognizing that Apple, America's most valuable enterprise, is dangerously overpriced.  ( 33 min )

For many students, managing finances is new, and they’re prone to make all sorts of mistakes.  ( 26 min )

Canada plans to impose a digital-services tax at the start of 2024, even as other countries agree to delay global tech tax accord until 2025.  ( 26 min )

Newer industry players are cutting jobs, trimming spending and reining in plans.  ( 26 min )

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Seasonal trends point to a weak August for stocks.  ( 32 min )

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(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. posted $10.04 billion in second-quarter operating profit as strength in its insurance businesses helped counter inflationary pressures that have weighed on the sprawling conglomerate in the last year. Most Read from BloombergChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveS&P 500 Wipes Out Almost 1% Gain; Bond Yields Drop: Markets WrapTrump Cites Self Incrimination Concern in Lawsuit Against CohenSouth Africa Spurns US Pressu  ( 31 min )

Berkshire Hathaway on Saturday posted its highest-ever quarterly operating profit, bolstered by improved results in its insurance businesses, while gains from stock holdings helped the conglomerate led by billionaire Warren Buffett swing to a nearly $36 billion overall profit. Operating profit rose 7% to $10.04 billion, or about $6,938 per Class A share, from $9.42 billion a year earlier. Net income totaled $35.91 billion, or $24,775 per Class A share, compared with a year-earlier $43.62 billion loss.  ( 29 min )

Fitch Ratings’ decision to strip the U.S. of its AAA credit rating was triggered by outsize U.S. borrowing. A dose of “financial repression” might be the cure.  ( 27 min )

Quarterly earnings rose for Warren Buffett’s holding company and most of its underlying businesses.  ( 25 min )

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Toyota, the world's top-selling automaker, nearly doubled its operating profit from a year earlier as better pricing, productivity gains, and supply-chain improvements boosted sales.  ( 19 min )

Investors are pushing Tupperware, Yellow and Rite Aid higher  ( 27 min )

One in 6 asset and wealth management companies will be bought or shut down in the next five years, according to a PwC survey of asset managers and institutional investors.  ( 32 min )

Would you rather lend money to the United States, or New Zealand? Going by credit rating alone, that could be a tossup, after Fitch Ratings downgraded its assessment of the U.S. on Tuesday.  ( 19 min )

India said on Friday it would defer the imposition of a licensing requirement for imports of laptops, tablets and personal computers by three months - partially reversing the surprise decision it announced a day earlier. While India has not said the new requirement is aimed at China, more than half of its roughly $10 billion in annual imports of personal computers and tablets are Chinese-made. Several Indian government officials, who asked not to be named, said the licensing measure aimed to address a trade imbalance with China.  ( 31 min )

Mark Spitznagel and Nassim Taleb have been watching for black swans for decades. "We’ve never seen anything like this level of total debt and leverage in the system," he tells Fortune. "It's an experiment."  ( 39 min )

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Bonds of Country Garden, China’s largest developer by contracted sales, have been in free fall.  ( 26 min )

The Iraqi dinar is a hot investment—but is it a wise one?  ( 23 min )

De bekende Amerikaanse belegger Warren Buffett heeft in het tweede kwartaal een forse winst in de boeken kunnen zetten bij zijn investeringsvehikel Berkshire Hathaway. Onder de streep hield het bedrijf zo'n 36 miljard dollar over.  ( 4 min )

Elon Musk is bezig het merk Twitter uit te wissen. Hij vervangt het beetje bij beetje in X, een app waarmee alles kan: van berichten sturen tot geld overmaken. Dat doet denken aan het Chinese WeChat. Wat kunnen we verwachten?  ( 5 min )

De klokkenluider die de Panama Papers in 2016 lekte aan de Süddeutsche Zeitung eist 14,5 miljoen euro van de Duitse politie. De Duitse politie zou namelijk een beloning van miljoenen euro's hebben bemiddeld voor de klokkenluider.  ( 3 min )

iPhone-producent Foxconn, een van 's werelds grootste elektronicafabrikanten, voorspelt dat de verkopen in de komende maanden zullen aantrekken na de dip in de eerste helft van dit jaar. Dat lijkt een gunstig teken voor Apple, waarvoor Foxconn veel apparatuur maakt.  ( 3 min )

Griekse staatsobligaties zijn weer interessant om in te investeren. Tot die slotsom is de Europese kredietbeoordelaar Scope Ratings gekomen. Het gaat om een teken dat Griekenland zijn overheidsfinanciën jaren na de eurocrisis eindelijk weer op orde lijkt te hebben.  ( 4 min )

NASA heeft weer contact gekregen met de Voyager 2, de ruimtesonde die zich op 19,9 miljard kilometer van de aarde bevindt. Het contact met de in 1977 gelanceerde Voyager 2 was even verdwenen door een foutje van de vluchtleiding.  ( 4 min )

Een grote Amerikaanse mededingingsrechtszaak tegen Google wordt dunner dan aanklagers voor ogen hadden. Een rechter heeft verschillende beschuldigingen geschrapt, omdat niet voldoende aangetoond is dat de zoekresultaten van Google schade toebrengen aan rivalen.  ( 4 min )

Wie de komende weken nog op vakantie wil moet niet kieskeurig zijn. Lastminutebestemmingen zijn door het slechte Nederlandse weer zo in trek, dat veel vluchten naar populaire bestemmingen en hotels vol zitten.  ( 4 min )

In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, voedsel en bouw geven. Deze week: het grote laadplein dat een uitstootvrije bouwplaats mogelijk maakt, zonder files op het stroomnet te creëren.  ( 4 min )

In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, voedsel en bouw geven. Deze week: het grote laadplein dat een uitstootvrije bouwplaats mogelijk maakt, zonder files op het stroomnet te creëren.  ( 4 min )

Wie deze zomer met de auto op vakantie gaat, doet er goed aan om in het buitenland te tanken. Maar in welk land ben je het goedkoopst uit?  ( 4 min )

Toyota, the world's top-selling automaker, nearly doubled its operating profit from a year earlier as better pricing, productivity gains, and supply-chain improvements boosted sales.  ( 1 min )

If the U.S. Supreme Court rules in favor of President Biden’s student loan forgiveness plan, the Department of Education will notify lenders which borrowers are eligible for up to $20,000 in debt relief.  ( 26 min )

Perform a thorough checkup to uncover a medical stock with a clean bill of health.  ( 24 min )

Today's top three nationwide CD rates are 5.75% APY from Andrews Federal Credit Union, 5.60% APY from Northern Bank Direct, and 5.55% APY from Sallie Mae Bank.  ( 18 min )

An automatic premium loan is an insurance policy provision that lets an insurer deduct an outstanding premium from the cash value of a policy.  ( 20 min )

The S&P 500 fell 0.5% on Friday, Aug. 4, 2023, after the Labor Department's latest jobs report showed the pace of hiring slowed.  ( 17 min )

Sovereign bond yield is the interest rate paid to the buyer of the bond by the government, or sovereign entity, issuing that debt instrument.  ( 21 min )

Education and training benefit not only the worker but also the employer and the country as a whole.  ( 31 min )

Which type of brokerage you choose depends on your needs and preferences. Find out the benefits of human, self-directed, and robo-advisors.  ( 29 min )

While robo-advisors can certainly be a good option, young investors shouldn't be completely opposed to hiring a financial advisor.  ( 26 min )

Find out which four degrees oil companies want to see on the resumes of new hires, and find out why the industry still pursues these graduates.  ( 20 min )

Regardless of whether a shareholder loses their stock certificate, that person still owns the shares.  ( 19 min )

The student loan forgiveness program is dead, given the Supreme Court ruling against it. You may have other options for relief, including some brand-new ones.  ( 26 min )

Shares of Icahn Enterprises tumbled after the investment firm cut its dividend in half in the wake of criticism from Hindenburg Research.  ( 18 min )

Only the biggest foreign investors may buy Saudi stocks directly. Non-billionaires can find exchange-traded funds that focus on Mideast investments.  ( 19 min )

The Pink market is an electronic over-the-counter market that connects brokers and dealers for trading in stocks. Learn the Pink market's risks and advantages.  ( 24 min )

An unemployment claim is a request an individual makes to a state government to receive temporary payments after having been laid off from a job.  ( 23 min )

U.S. equities were higher at midday on Friday, Aug. 4, 2023 on the back of strong earnings reports, while a cooler-than-expected July jobs report raised optimism the Fed could ease back on its campaign of rate hikes to cool inflation.  ( 16 min )

The Kelley Blue Book is the most popular used-car buying guide. Here’s a look at just how trustworthy it is – plus a comparison with the competition.  ( 22 min )

Despite their name, junk bonds can be profitable for informed investors, but their higher returns come with higher risks.  ( 24 min )

The Energy Department recently canceled a planned purchase of 6 million barrels of crude oil for the nation's Strategic Petroleum Reserve (SPR) amid high oil prices.  ( 18 min )

Socially responsible and ESG investing are gaining traction, especially with younger investors who also may be attracted to the technologically-focused investment platforms that robo-advisors provide.  ( 25 min )

Mortgage rates jumped higher, with the 30-year average rising for a third day and 15-year rates reaching a four-week high. Meanwhile, the 30-year refi average dipped.  ( 20 min )

Find out why this type of funding is so controversial and where it has gone wrong in the past.  ( 23 min )

There is a structure of major companies in Japan, known as keiretsu, and it is steeped in tradition and relationships.  ( 22 min )

Toyota, GAC-Toyota, and Pony.ai will invest $140 million to manufacture a fleet of driverless taxis in China.  ( 16 min )

Understanding the factors behind Treasury yields and interest rates is crucial for an investor.  ( 27 min )

Halfway through a economically confusing and, at times, turbulent 2023, many investors are questioning how they should proceed with their investment strategy  ( 17 min )

The uninsured rate fell to 7.7% in the first quarter of 2023, down from 8.3% in the last quarter of 2022. However, a pandemic-era rule expiration means that 3.9 people may have lost Medicaid coverage since April, possibly driving the uninsured rate back up.  ( 18 min )

Even after the company’s rocky acquisition by Elon Musk, Twitter’s main streams of revenue are still advertising and data licensing.  ( 25 min )

Amazon shares jumped after the company reported stronger than expected earnings, with robust ad revenue helping to offset slower growth in cloud.  ( 17 min )

Apple reported better-than-expected services revenue in Q3 2023, helping boost net income even as falling iPhone sales led to a third straight quarter of net product revenue declines.  ( 19 min )

Job growth is projected to slow and Amazon shares are soaring after the ecommerce giant blew by analyst revenue expectations. Here’s what investors need to know today.  ( 19 min )

What you need to know to keep those baubles, bangles, and beads safe.  ( 20 min )

Competitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its rivals. Learn how it works.  ( 25 min )

Learn about the process, laws, and guidelines of real estate agents paying other agents for referrals, and how brokers and licenses are involved.  ( 21 min )

A book runner is the main underwriter or lead manager when an investment bank issues new equity, debt, or securities instruments. Learn what the role entails.  ( 21 min )

Private mortgage insurance (PMI) can be avoided by with a down payment of 20% or more or ended early by building up a 20% equity stake in a home.  ( 24 min )

Don’t look for lower inflation or interest-rate cuts anytime soon. Instead, higher bond yields probably are in the offing.  ( 26 min )

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Global hedge funds increased their bets that stocks will fall in a week when bonds yields rose after the United States' credit rating was downgraded, a Goldman Sachs report on Friday showed. Hedge funds added 4.6 short positions to each long position from July 7 to Aug. 3. Hedge funds were forced to partially unwind short bets in July to avoid further losses during a market rally triggered by better-than-expected corporate earnings.  ( 31 min )

Strategists have been rushing to catch up with the market, but stocks had other things in mind.  ( 26 min )

A warning about slowing sales sent Fortinet's stock spiraling lower Friday.  ( 11 min )

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Today's top three nationwide CD rates are 5.75% APY from Andrews Federal Credit Union, 5.60% APY from Northern Bank Direct, and 5.55% APY from Sallie Mae Bank.  ( 20 min )

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(Bloomberg) -- The biggest US lenders expect to pay almost $8.9 billion to help replenish the US government’s bedrock Deposit Insurance Fund after it was tapped to backstop uninsured depositors at Silicon Valley Bank and Signature Bank. Most Read from BloombergChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveS&P 500 Wipes Out Almost 1% Gain; Bond Yields Drop: Markets WrapTrump Cites Self Incrimination Concern in Lawsuit Against CohenSouth Africa Spurns US Pressure to Stop Using Chi  ( 32 min )

(Bloomberg) -- The US government is on the hook to investors for more than $25 trillion as it ramps up borrowing to plug a widening budget gap.Most Read from BloombergS&P 500 Wipes Out Almost 1% Gain; Bond Yields Drop: Markets WrapTrump Cites Self Incrimination Concern in Lawsuit Against CohenChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveElon Musk Says Treasury Bills Are ‘No-Brainer’Fired-Up Traders Get Burned in ‘Everything Selloff’The combined total amount of Treasury bills, n  ( 30 min )

California has America's most expensive gas at around $5.00 a gallon. The cheapest is in Mississippi at $3.32 a gallon.  ( 31 min )

Analysts at Evercore downgraded the stock to the equivalent of Hold because of Intensifying competition and declines in operating margins.  ( 26 min )

A U.S. judge has rejected former Allianz fund manager Gregoire Tournant's bid to dismiss a criminal fraud case over his role in causing more than $7 billion of investor losses. In an order made public on Friday, U.S. District Judge Laura Taylor Swain in Manhattan federal court denied Tournant's motion to dismiss the five-count indictment, which also includes an obstruction charge. Tournant has pleaded not guilty.  ( 31 min )

Newer investors sometimes struggle to understand the difference between earnings per share (EPS), funds from operations (FFO) and revenue in the context of real estate investment trusts (REITs). Revenue represents the total amount of money that a company generates from sales, rents or other sources. Earnings per share refers to the company's profitability after deducting all expenses from its revenue. Higher revenue does not guarantee significant profitability if expenses are also high. Converse  ( 32 min )

(Bloomberg) -- When skepticism shifts to euphoria as quickly as it has in 2023’s stock and bond markets, the comeuppance is apt to be swift.Most Read from BloombergS&P 500 Wipes Out Almost 1% Gain; Bond Yields Drop: Markets WrapTrump Cites Self Incrimination Concern in Lawsuit Against CohenChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveElon Musk Says Treasury Bills Are ‘No-Brainer’Credit Suisse Collapsed, And Switzerland Went Back to Making MoneyThat was the tale of the tape this  ( 32 min )

Stocks flipped into the red Friday to close out a rough first few days in August.  ( 32 min )

Apple's services business has set consecutive sales records, but Wall Street was more focused on sliding revenue from hardware.  ( 32 min )

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Asset sales in Q2 helped Nikola add cash to its balance sheet, but losses widened as ramp-up of fuel cell trucks consumed cash. The post Nikola’s cash position improves but losses widen in Q2 appeared first on FreightWaves.  ( 33 min )

Companies like Joby and Archer are about to begin production of electric vertical takeoff and landing aircraft. For investors, the upside could be in the billions. For city dwellers, the skies will never be the same.  ( 35 min )

The company's assets have attracted the interest of a potential financial bidder, the report said adding that the bankruptcy filing could turn into a liquidation. Yellow did not immediately respond to a Reuters request for comment. The cash-strapped U.S. trucking company had ceased operations and was planning to file for bankruptcy after failing to reorganize and refinance over a billion dollars in debt, the Teamsters Union said on Sunday.  ( 31 min )

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Shares of Icahn Enterprises tumbled after the investment firm cut its dividend in half in the wake of criticism from Hindenburg Research.  ( 18 min )

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For the first time in 72 years, Oregon motorists can grab a fuel nozzle and pump gas into their cars on their own, since a decades-old ban on self-serve gas stations has been revoked. Gov. Tina Kotek signed a bill on Friday allowing people across the state to choose between having an attendant pump gas or doing it themselves. “I’ve spent a lot of time in California,” Cooper said.  ( 35 min )

Fortinet isn't having a good day. And the information-technology giant is pulling other stocks down alongside its own. Shares in the cybersecurity company plunged some 25%, making it easily the worst-performing stock in the S&P 500, according to Dow Jones Market Data. The decline wiped out much of  ( 23 min )

Dubbed the Oracle of Omaha, Warren Buffett is renowned for his simple and frugal lifestyle. Despite being the sixth richest person globally, with a net worth estimated at $117.9 billion, Buffett continues to live in the same modest home in Omaha that he purchased in 1958 for just $31,500. Adjusted for inflation, that amount today would be approximately $328,990.80, a mere 0.000279% of his total net worth. Buffett has consistently ranked the purchase of his home as the third-best investment he ha  ( 31 min )

Denny's served up a fresh reading on how the consumer feels about inflation in its latest earnings report.  ( 32 min )

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It’s clear now that we saw the market bottom out last October. The S&P 500 is up about 1,000 points, or ~27%, from that trough. The question for investors now is, what happens next? Mike Wilson, the well-known strategist from Morgan Stanley, has a reputation as an uber-bear, but he’s pulling back from that in a recent note. “The data we have today suggests to us that we are in a policy-driven, late-cycle rally,” Wilson says. He goes on to note several supportive factors, including a reduced rate  ( 35 min )

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Apple achieved a major milestone, with 1 billion subscribers to its services business. But instead of taking a victory lap, Apple is watching its stock get pummeled.  ( 32 min )

Russia said on Friday that U.S. bank JPMorgan had this week stopped processing payments for the Russian Agricultural Bank as Moscow demanded action, not promises, from Washington to help Russian grain and fertilizer reach global markets. Under a related pact - also brokered in July 2022 - U.N. officials agreed to help facilitate Russian food and fertilizer exports. U.S. Secretary of State Antony Blinken told reporters on Thursday that Washington would continue to do "whatever is necessary" to ensure Russia can freely export food if the Black Sea grain deal was revived.  ( 32 min )

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Months into the fallout from a damning short-selling report, shares for corporate raider and activist investor Carl Icahn's conglomerate Icahn Enterprises plunged Friday after the firm halved its quarterly dividend. In sharing second-quarter financial results on Friday, Icahn Enterprises declared a distribution of $1 per depositary unit, representing a 12% annualized yield. Following the announcement, IEP stock fell about 30% Friday morning.  ( 31 min )

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Shares of Tupperware surged on Friday after the company announced a debt restructuring agreement. The stock was recently up about 40%. The jump accented a wild week of trading in shares of the distressed com  ( 22 min )

(Bloomberg) -- Carl Icahn’s fortune fell $2.7 billion Friday after the activist investor made corporate changes in tacit response to a short seller’s scathing report published three months ago.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Faces Longest Sales Drop in Decades as iPhone SlumpsQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapStocks Rise, Bond Yields Fall After Mixed Jobs: Mark  ( 31 min )

Apple's services business has set consecutive sales records, but Wall Street was more focused on sliding revenue from hardware.  ( 32 min )

A multi-billion dollar company is closing its manufacturing facility in Durham and shifting operations to Georgia.  ( 9 min )

Tesla hasn't had a very good week. Investors could be looking at a bounce if a couple of things go right.  ( 27 min )

The Energy Department recently canceled a planned purchase of 6 million barrels of crude oil for the nation's Strategic Petroleum Reserve (SPR) amid high oil prices.  ( 19 min )

There's "obviously a mismatch" between Anheuser-Busch's market value and their employee numbers, Anson Frericks says while predicting more layoffs are coming.  ( 32 min )

Despite its strong start to the year, the drugmaker’s report on Tuesday should lift shares even further.  ( 26 min )

The departure of Western brands from Russia following Vladimir Putin’s invasion of Ukraine was supposed to change daily life in Moscow. Instead, it has triggered a proliferation of doppelgangers.  ( 34 min )

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Shares of electric-vehicle maker Nikola dropped in early trading Friday after the company said its chief executive would step down, to be replaced by its chairman. Nikola stock was recently off more than 9%. The compa  ( 22 min )

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Apple downgraded, Amazon upgraded: Wall Street's top analyst calls  ( 32 min )

The start-up named a new CEO, released earnings, and got investors to agree to a key shareholder proposal.  ( 26 min )

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Retiring at 50 is a lofty goal that gives you plenty of time to pursue all the projects you couldn't get to in your career and make memories with friends and family. However, leaving the workforce 12 years before you … Continue reading → The post Is $5 Million Enough to Retire on at 50? appeared first on SmartAsset Blog.  ( 35 min )

Retirees face sizable out-of-pocket costs for premiums, copays and uncovered services. One way to gauge this burden is to look at how much these medical costs eat into their Social Security benefits and other income. Here's a look at how … Continue reading → The post How Much Retirement Income You'll Have After Paying Medical Expenses appeared first on SmartAsset Blog.  ( 32 min )

Not many people would pass up the opportunity to retire early. In fact, there's an entire movement built around the idea of early retirement – Financial Independence, Retire Early (FIRE). Need help planning for retirement? Consider working with a fiduciary … Continue reading → The post Early Retirement Can Create a Financial Crisis appeared first on SmartAsset Blog.  ( 32 min )

Amazon stock jumped on Friday after the tech giant proved its cloud still had its silver lining in Q2.  ( 32 min )

I'm afraid of the stock market. With my first investment, I lost 60% of my money. So I'm strictly into bonds. With interest rates low, what's your advice? Should I stay or try something else? -Jerold It's reasonable to be … Continue reading → The post Ask an Advisor: ‘I'm Strictly Into Bonds' and Afraid of the Stock Market. Is This a Strategy I Should Stick With? appeared first on SmartAsset Blog.  ( 33 min )

Apple reported quarterly earnings Thursday after the bell that showed a third straight quarter of revenue declines with iPhone sales missing forecasts.  ( 33 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

The U.S. economy maintained a moderate pace of job growth in July, but solid wage gains and a decline in the unemployment rate pointed to continued tightness in labor market conditions. There are broad indicators that the labor market is cooling.  ( 30 min )

The company posts a second-quarter loss of 72 cents a share, wider than the year-earlier loss of 41 cents.  ( 26 min )

Stocks looked to rebound Friday to close out a rough first few days in August.  ( 31 min )

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Icahn Enterprises is cutting its dividend in half and said it would wind down bets that the stock market would collapse, which have inflicted heavy losses.  ( 27 min )

Icahn Enterprises on Friday said it would cut its dividend payout months after short seller Hindenburg Research accused the investment firm of operating a "Ponzi-like" structure to pay dividends. The investment firm, owned by Carl Icahn, said it would distribute $1 per depositary unit to its investors, lower than its usual quarterly dividend of $2 per unit. Shares of Icahn Enterprises fell 24% in premarket trading.  ( 30 min )

(Bloomberg) -- Apple Inc., Samsung Electronics Co. and HP Inc. are among the biggest names freezing new imports of laptops and tablets to India after the South Asian country abruptly banned inbound shipments without a license.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Surprises in China, Sets India High During Sales SlumpChina Official’s  ( 31 min )

After Apple's third consecutive quarter of declining revenue, some Wall Street analysts say its valuation is looking stretched.  ( 26 min )

Electric truck maker Nikola said on Friday that Michael Lohscheller will step down as chief executive officer and would be replaced by Stephen Girsky at the end of the month. Separately, Nikola reported a narrower second-quarter loss as lower production of its Tre battery-electric trucks in the April-June period helped keep costs in check. Lohscheller has decided to step down due to a family health matter and will be returning to Europe, the company said, adding that he would remain in an advisory capacity through the end of September.  ( 30 min )

EV start-up Fisker reported second-quarter sales of less than $1 million. Wall Street was looking for close to $50 million.  ( 26 min )

Chief Financial Officer Keith Jensen says an 'unusually large volume of deals' expected to close in June were pushed out to future quarters instead.  ( 26 min )

Congress could soon change how spouses access their retirement accounts. A pair of Democratic bills recently introduced in the House and Senate would require spouses to consent before either one can make any withdrawals from their 401(k) accounts. The bills, sponsored by Rep. Lauren Underwood, D-Illinois, and Sen. Tammy Baldwin, D-Wisconsin, seek to amend the […] The post Spouses May Soon Need to Agree on 401(k) Withdrawals Under This Proposed Law appeared first on SmartReads by SmartAsset.  ( 31 min )

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Major property insurance companies are reducing coverage in a number of states or leaving them altogether as losses mount, and consumers are seeing their coverage yanked.  ( 33 min )

Tupperware said on Thursday it had struck an agreement with its lenders which will help reduce or reallocate about $150 million of cash interest and fees, and would give it immediate access to a revolving borrowing capacity of about $21 million. Widely recognized for its bright-colored plastic airtight containers, the company had recently caught retail traders' attention, which has helped drive a more than 449% share surge over the past three weeks. Tupperware was the fourth most touted stock on investors-focused social media, stocktwits.com on Friday.  ( 31 min )

(Bloomberg) -- Petroleo Brasileiro SA slashed politically contentious dividends after profits declined and the Brazilian oil major set a more conservative policy for shareholder payouts. Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Faces Longest Sales Drop in Decades as iPhone SlumpsApple Surprises in China, Sets India High During Sales Slu  ( 31 min )

One of the most important decisions in retirement is choosing how much to withdraw from your savings. You need to take out enough to meet your spending needs, but not so much that you end up running out of money. While there's no real consensus on a safe withdrawal rate, a recent report from Edward […] The post How Much Should I Withdraw From My Retirement Account? Edward Jones Says Start With These Percentages appeared first on SmartReads by SmartAsset.  ( 32 min )

The stock market has a lot of turn-around stories without the gains priced in.  ( 33 min )

Apple sales fall 1% in the fiscal third quarter and the iPhone giant says it expects a similar performance in the current period, Amazon beats earnings expectations and issues better-than-expected guidance, and Booking Holding sees a record summer travel season.  ( 27 min )

Shares of the sports betting company surge after DraftKings posts second-quarter revenue that beat expectations.  ( 26 min )

Under fire for downgrading U.S. federal debt, ratings analyst Richard Francis took to the airwaves on Wednesday to explain his reasoning and lobby for support.  ( 32 min )

Amazon shares surged on Friday in Frankfurt trading after the company issued an upbeat outlook for the third quarter, while Apple's German-listed shares fell after the company forecast a continued slide in sales. Amazon jumped 8.5% on the German market, echoing the steep rise in extended U.S. trading on Thursday after the company reported sales growth and profit that beat Wall Street's expectations, thanks to faster, cheaper deliveries to customers and to the recent headwinds in cloud-computing beginning to subside. Apple shares fell 2.3% in Frankfurt fell 2.3% after the iPhone maker on Thursday forecast that a sales slump would continue into the current quarter, which sent shares down in after-hours trading despite beating Wall Street sales and profit targets in the fiscal third quarter.  ( 30 min )

(Bloomberg) -- The Treasury yield curve has steepened this week, but the shift is unnerving investors as it comes through a painful selloff in longer bonds rather than the rally in shorter debt most expected.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Surprises in China, Sets India High During Sales SlumpChina Official’s Call to Save Xi’s  ( 32 min )

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(Bloomberg) -- Apple Inc. grew revenue in China a surprisingly strong 8% while setting a record for Indian iPhone sales, bright spots in an otherwise disappointing quarterly check-in from the world’s most valuable company.Most Read from BloombergQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapTrump Cites Self Incrimination Concern in Lawsuit Against CohenElon Musk Says Treasury Bills Are ‘No-Brainer’The Strange Story Behind ‘Baldur’s Gate 3,’ One of the Year’s Biggest ReleasesFit  ( 32 min )

Will it happen or not? That is the question economy observers have been grappling with over the past year regarding the prospect of a looming recession. But while not long ago the consensus was that one was all but inevitable – and a full-blown recession at that – the tune has changed more recently. Factoring in the resilient economy and the hasty retreat of prior alarming inflation levels, many financial experts now think that if a recession does materialize, it will be of the mild variety. One  ( 34 min )

The United Auto Workers union is pressing for the substantial wage increase for factory workers at GM, Ford and Stellantis.  ( 27 min )

The S&P 500 fell 0.5% on Friday, Aug. 4, 2023, after the Labor Department's latest jobs report showed the pace of hiring slowed.  ( 1 min )

U.S. equities were higher at midday on Friday, Aug. 4, 2023 on the back of strong earnings reports, while a cooler-than-expected July jobs report raised optimism the Fed could ease back on its campaign of rate hikes to cool inflation.  ( 1 min )

Halfway through a economically confusing and, at times, turbulent 2023, many investors are questioning how they should proceed with their investment strategy  ( 1 min )

Job growth is projected to slow and Amazon shares are soaring after the ecommerce giant blew by analyst revenue expectations. Here’s what investors need to know today.  ( 1 min )

NASA heeft weer contact gekregen met de Voyager 2, de ruimtesonde die zich op 19,9 miljard kilometer van de aarde bevindt. Het contact met de in 1977 gelanceerde Voyager 2 was even verdwenen door een foutje van de vluchtleiding.  ( 4 min )

Meerdere partijen hebben de afgelopen tijd interesse getoond in VanMoof. Dat melden de curatoren van het failliete fietsenmerk. Zij willen volgende week meer duidelijkheid geven over een eventuele doorstart.  ( 4 min )

Veel kantoormedewerkers weten het gevoelsmatig misschien al: in de middag zijn zij vaak minder productief dan aan het begin van de dag. Helemaal op vrijdag. Onderzoekers vinden nu bewijs voor dit fenomeen in een Texaans kantoor.  ( 5 min )

Nederland schort de "directe samenwerking" met Niger op. Steun aan ontwikkelings- en veiligheidsprojecten die via de landelijke overheid loopt, wordt stopgezet. In het Afrikaanse land werd vorige week een staatsgreep gepleegd.  ( 4 min )

De voedselprijzen zijn wereldwijd voor het eerst in drie maanden gestegen. De prijzen zijn in juli met 1,3 procent opgelopen.  ( 3 min )

De online verpakkingsvrije supermarkt Pieter Pot heeft in twee weken tijd 335.000 euro opgehaald bij haar klanten. Met het geld wil het bedrijf het vertrouwen van leveranciers terugwinnen en de schappen bijvullen.  ( 4 min )

Consumenten moeten oppassen als ze willen shoppen bij webwinkel Femme-Boutique. Toezichthouder ACM, de politie en de Consumentenbond ontvingen al tientallen klachten over de webshop, meldt ACM.  ( 3 min )

Fabrieken in Duitsland hebben in juni onverwacht veel meer bestellingen binnengekregen. Dat is een teken dat de grootste economie van Europa stabieler wordt.  ( 3 min )

De Deense containerrederij en vrachtvervoerder A.P. Møller-Maersk verwacht dat het wereldwijde containervolume dit jaar sterker zal dalen dan eerder gedacht. Het bedrijf rekent op een krimp van wel 4 procent.  ( 3 min )

De winst van Booking.com en Airbnb is in het tweede kwartaal harder gestegen dan het aantal geboekte nachten. Hogere prijzen op de reisplatforms zorgden voor meer geld in het laatje.  ( 3 min )

Apple verkocht het afgelopen kwartaal minder iPhones, Macs en iPads. Daardoor daalde de totale omzet van het bedrijf voor het derde kwartaal op rij. Een lichtpuntje voor Apple was de verkoop van digitale producten, zoals abonnementen op Apple Music en iCloud.  ( 4 min )

Het gemiddelde bedrag waarvoor mensen een hypotheek afsloten steeg in juli voor het eerst sinds ruim een jaar. Door de hogere lonen kunnen mensen meer geld lenen.  ( 4 min )

197.000 Nederlanders hebben tussen 1 maart en 1 mei verzuimd aangifte inkomstenbelasting te doen. Dat zijn er twee keer zoveel als vorig jaar. De Belastingdienst probeert ze er via brieven, sms'jes en telefoontjes toch aan te herinneren, voordat een boete volgt.  ( 6 min )

197.000 Nederlanders hebben tussen 1 maart en 1 mei verzuimd aangifte inkomstenbelasting te doen. Dat zijn er twee keer zoveel als vorig jaar. De Belastingdienst probeert ze er via brieven, sms'jes en telefoontjes toch aan te herinneren, voordat een boete volgt.  ( 6 min )

Toyota, GAC-Toyota, and Pony.ai will invest $140 million to manufacture a fleet of driverless taxis in China.  ( 1 min )

Investors are constantly looking for ways to generate solid returns, after all, that is the whole point of investing. Achieving that goal is easier said than done, however. As with anything, if it were really simple, investors would only have success stories to tell. That said, there are ways to gain an edge in the market, and one common route is to keep track of insiders’ actions. Insiders are the high-level company officers, Board members, CFOs and COOs, up to CEOs, whose positions give them a  ( 35 min )

(Bloomberg) -- Apple Inc. posted its third straight quarter of declining sales and predicted a similar performance in the current period, hurt by an industrywide slump that has sapped demand for phones, computers and tablets.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’China Official’s Call to Save Xi’s City Angers Flood VictimsThe Strange Story  ( 34 min )

(Bloomberg) -- In 2022 it was “Schwinger,” or traditional Swiss wrestlers, that were the star attraction. This year it was youth groups. Every Aug. 1 since 1891, patriotic Swiss have gathered on an Alpine meadow overlooking Lake Lucerne to commemorate a rebellion in 1291 that was the foundation of “modern” Switzerland. This is a country that likes tradition. Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings:  ( 38 min )

General Motors on Thursday said it expects to offer union workers higher wages but granting the United Auto Workers' ambitious contract demands would hurt its ability to make sound business decisions. The UAW presented its economic demands to Chrysler-parent Stellantis on Tuesday, General Motors on Wednesday and Ford on Thursday ahead of the Sept. 14 expiration of the current four-year contracts. GM said, "A fair agreement rewards our employees and also enables GM to maintain our momentum now and into the future... We think it’s important to protect U.S. manufacturing and jobs in an industry that is dominated by non-unionized competition."  ( 31 min )

Electric truck maker Nikola Corp said on Thursday it had garnered enough support for a proposal to increase the number of shares it can issue, opening the doors to much-needed capital. The company had to adjourn its shareholder meeting twice because it lacked enough votes, even as it urged shareholders for months to vote in favor of so-called Proposal 2, saying its ability to continue as a going concern would be "out of reach" without the additional shares. "This positive outcome, particularly with respect to Proposal 2, was critical for continued growth and success as we move forward with our strategic priorities," CEO Michael Lohscheller said in a statement.  ( 31 min )

Apple reported quarterly earnings Thursday after the bell, rounding out the results from the tech giants.  ( 31 min )

The agreement will help the company to reduce or reallocate about $150 million of cash interest and fees, and would give it immediate access to a revolving borrowing capacity of about $21 million. Known for its plastic airtight storage containers and bowls, Tupperware has seen a sharp drop in demand recently as consumers limit discretionary purchases amid higher prices and fears of recession. The company had on April 7 raised doubt about its ability to continue as going concern after failing to improve its business for about three years.  ( 31 min )

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The slowdown in a key moneymaker for the largest US cryptocurrency exchange came as its faced off with a powerful US regulator.  ( 32 min )

Electric truck maker Nikola Corp said on Thursday it had garnered enough support for a proposal to increase the number of shares it can issue, opening the doors to much-needed capital. The company had to adjourn its shareholder meeting twice because it lacked enough votes, even as it urged shareholders for months to vote in favor of so-called Proposal 2, saying its ability to continue as a going concern would be "out of reach" without the additional shares.  ( 30 min )

Apple’s eked out a slightly higher profit last quarter even though sales dipped during the period, a time during which the iPhone maker became the first publicly held company in the U.S. to be valued at $3 trillion. The results released Thursday covered April through June, the third consecutive quarter that Apple has posted a year-over-year decline in revenue. Apple's stock declined by about 1% in extended trading after the numbers came out.  ( 30 min )

For the past few quarters, the lifting of pandemic curbs has fueled domestic and international travel in a boost to hotel operators such as Marriott International and Hilton Worldwide Holdings. Room nights booked for the quarter ended June rose 9% from last year, Booking said. Gross travel bookings, which refers to the total dollar value of all the travel services booked by customers, jumped 15%.  ( 31 min )

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Apple’s fiscal third quarter results are out. The tech giant booked less revenue than a year ago from its signature products, while its services business did better. Here is a roundup of how each major product segment fared: iPhone revenue of $39.7 billion, down 2.4% from a year ago, and below a  ( 22 min )

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While second-quarter revenue met estimates, cloud firm Digital Ocean said customer spending continues to tighten. Meanwhile, it will restate first-quarter results for accounting errors.  ( 26 min )

Sales of iPhones missed analyst estimates, but revenue in the company services unit reached a record high.  ( 27 min )

Coinbase reported a sixth straight quarterly loss Thursday as regulatory risks and lower trading volumes continued to weigh on the company. The loss wasn't as bad as analysts expected, and the company's stock rose in after-hours trading before giving up those gains. The biggest U.S. cryptocurren  ( 22 min )

Apple on Thursday reported sales and profit that beat Wall Street expectations despite a decline in iPhone sales, with its signature device's performance in China helping the company navigate a global decline in the smartphone market. Apple said sales for the fiscal third quarter ended July 1 fell 1.4% to $81.8 billion and earnings per share rose 5% to $1.26. IPhone sales slightly missed analyst estimates, but were made up for by strong sales in the services segment that contains Apple TV+ and by sales in China that grew 8% year over year.  ( 32 min )

Stocks slipped lower Thursday as a downgrade-spurred sell-off extended across the indexes and earnings season continued in full force.  ( 31 min )

Today's best CD rate is 5.75% APY, offered by both Andrews Federal Credit Union and Citizens State Bank. We track CD rates every morning to bring you the top options.  ( 19 min )

(Bloomberg) -- Elon Musk sees a lot to like at the shortest end of the Treasury curve.Most Read from BloombergTreasury Rout Saps Risk Appetite as Stocks Retreat: Markets WrapFitch’s US Credit Downgrade Sparks Criticism Along With UneaseCanada PM Justin Trudeau Splits With Wife Sophie GregoireThe Strange Story Behind ‘Baldur’s Gate 3,’ One of the Year’s Biggest ReleasesNYC Considers Central Park Among Sites to House Migrants as Crisis MountsOn Thursday, Musk, the chief executive of Tesla Inc. and  ( 31 min )

Today's CDs are paying record rates, offering their highest returns in at least 16 years. But will banks and credit unions push rates even higher in August?  ( 19 min )

Treasury bill yields are above 5% after the Federal Reserve lifted its benchmark lending rate by a quarter-point last week.  ( 32 min )

Over the next few years, the U.S. could see a surge in seniors living in poverty, one retirement expert predicts.  ( 32 min )

Tesla's electric vehicle (EV) sales in China fell more than 30% last month compared with June, according to the China Passenger Car Association (CPCA). Domestic EV manufacturers in China like BYD, Nio (NIO), and Xpeng (XPEV) gained ground.  ( 19 min )

PayPal is finding few friends in the market these days. The payments giant topped consensus analyst forecasts in its second-quarter report on Wednesday on total payment volume, net revenue and net income, according to Visible Alpha. But the stock is sinking fast on Thursday, down by nearly 11%, era  ( 24 min )

“Americans have always been waiting for the other shoe to drop.”  ( 32 min )

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Stocks slipped lower Thursday as a downgrade-spurred sell-off extended across the indexes and earnings season continued in full force.  ( 31 min )

MicroStrategy (MSTR) CEO Michael Saylor said his software company will continue to be the go-to company for investors to gain exposure to bitcoin (BTC) without directly buying it, even if a spot bitcoin exchange-traded fund (ETF) is rolled out.  ( 31 min )

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It was all ... Yellow. Shares of the trucking company, which is expected to file for bankruptcy after saying over the weekend that it was [shutting down operations,](https://www.wsj.com/articles/the-fall-of-a-trucking-giant-why-yellow-is-on-the-verge-o  ( 22 min )

The content delivery network provider sees better-than-forecast growth and raises its full-year revenue outlook.  ( 26 min )

Elon Musk’s Tesla is facing a legal battle with drivers over claims the company falsely advertised how many miles its electric cars can travel on a full battery.  ( 32 min )

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Wall Street analysts say Qualcomm faces prolonged smartphone weakness but differ on how its diversification plans are shaping up.  ( 26 min )

(Bloomberg) -- PayPal Holdings Inc. shares slumped after the payments giant said a key measure of profits shrank in the second quarter as the company had to set aside more money to cover souring loans it has made to merchants. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseCanada PM Justin Trudeau Splits With Wife Sophie GregoireS&P 500 Has Worst Day Since April After Big Rally: Markets WrapMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceHere  ( 32 min )

Households that make over $200,000 annually comprise just a sliver of all tax returns that are filed in a given year, but their movement between states can have a significant financial impact. When a state loses more high-earning tax filers … Continue reading → The post Where High-Earning Households Are Moving – 2022 Study appeared first on SmartAsset Blog.  ( 41 min )

When you need another stream of income for retirement, you might consider an annuity. You purchase the annuity from an insurance company and receive payments back at a later date. Before buying an annuity, it's important to consider how much … Continue reading → The post How Much Does a $300,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.  ( 41 min )

Earning more money can make it easier to pay the bills, fund your financial goals and spend on hobbies or "fun," but what income is considered to make you rich? The answer can depend on several factors, including where you … Continue reading → The post What Income Level Is Considered Rich? appeared first on SmartAsset Blog.  ( 42 min )

The markets have been hot these past six months. The pace of inflation is cooling off, the Federal Reserve is expected to dial back its own pace of interest rate hikes, tech stocks are booming on the strength of AI, and in all, the S&P gave five consecutive months of gains through the end of July. But did we just see a black swan? Fitch cut the US government’s credit rating yesterday, from AAA to AA+, saying that the Federal government’s fiscal situation is likely to deteriorate significantly ov  ( 34 min )

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A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can … Continue reading → The post Average Retirement Savings for Married Couples By Age appeared first on SmartAsset Blog.  ( 40 min )

Cummins posted higher second-quarter sales and income thanks to its acquisition of Meritor, but EBITDA declined. The post Cummins reports higher Q2 sales and income appeared first on FreightWaves.  ( 31 min )

Online furniture retailer Wayfair surprised by posting adjusted earnings in the second quarter, while Wall Street had expected a loss.  ( 26 min )

Johnson & Johnson is allowing shareholders to swap for shares of Kenvue, which has brands like Tylenol, at a discount.  ( 26 min )

The e-commerce software company expects faster revenue growth than Wall Street analysts had penciled in.  ( 26 min )

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“There are some things that people shouldn’t worry about and this is one,” he said.  ( 26 min )

Mizuho analysts see a $350 billion to $400 billion total addressable market opportunity in student loan refinancing for the fintech.  ( 26 min )

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Shares of Tupperware, Rite Aid and trucking giant Yellow have been on a wild ride. The eye-popping swings in recent days are reminiscent of the meme-stock craze during the pandemic that turned [GameStop into an unlikely stock-market star](https://www.wsj.com/articles/keith-gill-drove-the-gamestop-r  ( 23 min )

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A downgrade-spurred stock sell-off looked to deepen across the indexes.  ( 30 min )

The online furniture retailer posted adjusted earnings of 21 cents a share for its second quarter. Wall Street had forecast a loss of 73 cents.  ( 26 min )

Nucor, U.S. Steel and others are counting on infrastructure projects and auto production to raise demand.  ( 27 min )

(Bloomberg) -- It’s business-as-usual for Warren Buffett’s Berkshire Hathaway after Fitch Ratings’ downgrade of the US.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseCanada PM Justin Trudeau Splits With Wife Sophie GregoireS&P 500 Has Worst Day Since April After Big Rally: Markets WrapMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceHere Are the 78 Charges Trump Now Faces, and All the Prison Time“Berkshire bought $10 billion in US Treasuries l  ( 31 min )

Warner Bros. Discovery reported second-quarter earnings on Thursday. Here's what to know.  ( 33 min )

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Anheuser-Busch Inbev reported a drop in U.S. revenue in the second quarter as Bud Light sales plunged amid a conservative backlash over a campaign with transgender influencer Dylan Mulvaney. The world's largest brewer said Thursday that revenue in the United States declined by 10.5% in the April-to-June period from a year earlier, “primarily due to the volume decline of Bud Light.” It has lost its place as America’s best-selling beer after more than two decades, slipping into second place in June behind Mexican lager Modelo Especial, which is also owned by the Belgium-based ABInBev.  ( 31 min )

Moderna Inc on Thursday raised its annual forecast for COVID-19 vaccine sales to up to $8 billion on hopes of a boost in the fall season as sales move to a private market in the United States from government contracts. Sales of COVID-19 products have slumped after bumper growth during the peak of the pandemic. Moderna expects $6 billion to $8 billion in sales from its COVID shots this year, up from its previous forecast of $5 billion, driven by potential U.S. demand for 50 to 100 million doses in the fall season.  ( 31 min )

AB InBev earnings beat expectations despite boycott denting Bud Light sales, American Airlines is talking to Airbus and Boeing about ordering more jets, and other news to start your day.  ( 26 min )

Qualcomm issues a revenue forecast below analysts' expectations, PayPal's results disappoint, and trading activity at Robinhood falls. Apple and Amazon are scheduled to report earnings after the closing bell Thursday.  ( 27 min )

There's a lot of things that are different from the last time the US got downgraded.  ( 32 min )

The company reported an adjusted operating margin of 21.4% for the three months ended June 30, below estimates of 22%, according to Refinitiv IBES data. "This was another disappointing earnings report from PayPal," Edward Jones analyst Logan Purk said. "This will fuel investor's bearish outlook that PayPal's focus on its largest customers will result in lower overall profitability."  ( 30 min )

The largest residential solar developer in the U.S. reported good numbers. But it’s not quite the ray of sunshine for the sector investors might think.  ( 26 min )

Anheuser Busch InBev reported underlying earnings of 72 cents a share for the second quarter, beating expectations despite a fall in U.S. revenue.  ( 26 min )

The owner of Bud Light has revealed a steep drop in US sales after the beer’s collaboration with a transgender social media influencer sparked a backlash.  ( 32 min )

(Bloomberg) -- Shares in Asia fell for a third day, following losses on Wall Street, while Treasuries extended a selloff as investors digested better-than-expected US labor-market data and prepared for a rush of US government bond issuance next week.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April After Big Rally: Markets WrapCanada PM Justin Trudeau Splits With W  ( 33 min )

Aero-engineer Rolls-Royce reported underlying operating profit of 673 million pounds ($855 million) in its first half, more than five times the level of a year ago, led by a large improvement in its civil aerospace margin. The British company upgraded its full-year profit forecast last month to 1.2-1.4 billion pounds ($1.6-1.8 billion) from its previous guidance of 800 million-1 billion pounds. The market had been forecasting 934 million pounds.  ( 30 min )

NEW DELHI (Reuters) -India has restricted imports of laptops, tablets and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing. In April-June, electronics imports, which include laptops, tablets and personal computers, was $19.7 billion, up 6.25% year-on-year.  ( 30 min )

The exchange is struggling because last year's plunge in cryptocurrencies has discouraged people from trading, hitting its most important source of revenue.  ( 25 min )

The company reports earnings Thursday. The key will almost certainly be the outlook for Amazon Web Services, its cloud computing platform.  ( 26 min )

Consensus estimates call for revenue to be down slightly from a year ago. But a legion of bullish analysts see better growth ahead.  ( 26 min )

While its Covid-19 vaccine became one of the best-selling medicines of all time, clocking $18.4 billion in sales in 2022, Moderna has no other marketed products.  ( 26 min )

Johnson & Johnson is allowing shareholders to swap for shares of Kenvue, which has brands like Tylenol, at a discount.  ( 26 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

Billionaire investor William Ackman on Wednesday said his hedge fund Pershing Square Capital Management has placed a bet against U.S. 30-year Treasuries, calling it both a hedge on the impact of higher long-term rates on stocks and a good standalone bet. The Federal Reserve has raised interest rates aggressively to curb inflation and signaled last month that it is keeping its options open after having raised rates by a quarter point to their highest level since 2001. Ackman, once one of Wall Street's most voluble investors who cemented his reputation as an activist investor by pushing for changes at companies ranging from Chipotle Mexican Grill to railroad Canadian Pacific, has recently used the social media platform to opine on economic policy and presidential politics.  ( 30 min )

The twin tech giants, which represent billions in consumer and business spending, will deliver highly-anticipated quarterly reports on Thursday.  ( 33 min )

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In the postpandemic economy, we are living more and working less.  ( 26 min )

Such has been the unpredictable nature of the markets and the economy in 2023, that’s it’s hard to guess what’s coming next. For example, it should be remembered that at the start of the year and coming off the back of 2022’s merciless bear market, few had predicted the ensuing rally that has taken place since. Likewise, for the broader economy. Against a backdrop of soaring inflation and high interest rates, there were plenty of financial prognosticators warning of an impending vicious recessio  ( 34 min )

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Back-to-back letters of credit consist of two LOCs used in international transactions facilitated by a broker. Learn how they help remove the risk of a payment default.  ( 22 min )

Although high student loan debt is a problem for many Americans, this $1.7 trillion burden isn’t being shouldered equally by all borrowers. Learn more.  ( 33 min )

The S&P 500 fell 0.3% on Thursday, Aug. 3, 2023 after weaker-than-expected earnings reports from ecommerce, travel, and chip companies weighed on the index.  ( 19 min )

The Higher Education Act of 1965 is a federal law that created financial assistance programs for post-secondary school students and strengthened educational resources.  ( 24 min )

Expedia Group shares plummeted after the online travel site reported sales and bookings that missed forecasts. The company gave weaker-than-expected guidance as growth slowed.  ( 17 min )

Company-owned life insurance (COLI) is a type of policy that companies purchase to insure against the death of one or more employees.  ( 21 min )

AB InBev sales in the U.S. plunged following the controversy over Dylan Mulvaney's promotion of Bud Light.  ( 16 min )

Here’s a list of the top mutual funds, which pay regular dividends, for frequent income.  ( 25 min )

Some electric car owners are now experiencing higher costs to power their vehicles than to fill up their gas-powered equivalents—if you calculate the costs a certain way.  ( 19 min )

Shares of Regeneron jumped after the drug maker indicated it expects the FDA will soon approve a higher-dose version of its blockbuster drug to treat macular degeneration.  ( 17 min )

A certificate of insurance (COI) is a nonnegotiable document issued by an insurance company or broker verifying the existence of an insurance policy. Learn how it works.  ( 21 min )

The Hong Kong Stock Exchange is the seventh-largest in the world and easily accessible through ETFs.  ( 23 min )

Monthly tracking report for credit card interest rates from Investopedia's database of more than 300 cards showed no change in the overall median available rate. These are the current rates as of August 2023.  ( 24 min )

Today's best CD rate is 5.75% APY, offered by both Andrews Federal Credit Union and Citizens State Bank. We track CD rates every morning to bring you the top options.  ( 18 min )

A CD-secured loan is loan that uses a certificate of deposit as collateral. These loans allow you to borrow money for potentially lower interest rates than other loans.  ( 23 min )

Pareto efficiency is an economic state in which resources are allocated in the most efficient manner.  ( 29 min )

Employment and payroll data is expected to remain stable Friday, but any surprises could roil the markets.  ( 16 min )

Today's CDs are paying record rates, offering their highest returns in at least 16 years. But will banks and credit unions push rates even higher in August?  ( 19 min )

Consumers with super-prime credit are considered to have excellent credit and pose the least risk to lenders and creditors.  ( 24 min )

Indemnity insurance is an agreement wherein one party guarantees compensation for losses or damages incurred by another.  ( 24 min )

Refinancing Parent PLUS loans can help you save money and reduce your monthly payments. Learn how to refinance your Parent PLUS loan.  ( 22 min )

Financing grad school can be a daunting task. Learn about the different options to help pay for your graduate degree, including scholarships, grants, and loans.  ( 23 min )

Learn about the top index mutual funds with some of the lowest expense ratios.  ( 21 min )

The free cash flow (FCF) formula calculates the amount of cash left after a company pays operating expenses and capital expenditures. Learn how to calculate it.  ( 26 min )

A reverse repurchase agreement is the purchase of securities with the agreement to sell them at a higher price at a specific future date.  ( 23 min )

Tesla's electric vehicle (EV) sales in China fell more than 30% last month compared with June, according to the China Passenger Car Association (CPCA). Domestic EV manufacturers in China like BYD, Nio (NIO), and Xpeng (XPEV) gained ground.  ( 18 min )

Here's how countries use sovereign wealth funds to stabilize their economies, though these investments can lack transparency.  ( 22 min )

Payhip, an e-commerce platform, enables users to create online storefronts that sell digital downloads, online courses, coaching, memberships, and physical products. It makes money by charging subscription fees for its plans as well as by taking a transaction fee from each sale.  ( 23 min )

Tesla is being sued for fraud after reports revealed the company has been knowingly inflating driving-range figures at the behest of CEO Elon Musk.  ( 19 min )

TikTok dropshipping is a business model that uses the TikTok platform to generate sales by advertising products that are being offered through an online dropshipping store. Dropshipping lets people sell products from third party suppliers without being required to hold or ship inventory themselves.  ( 25 min )

Five developed nations have no federally regulated minimum wage and may use unions to ensure workers are fairly paid.  ( 21 min )

Both credit ratings and credit scores are designed to show potential lenders and creditors a borrower’s likelihood of repaying a debt.  ( 23 min )

U.S. equities were mixed and little changed at midday on Thursday, Aug. 3, 2023, amid concerns about higher interest rates and the latest earnings reports.  ( 16 min )

A triangle is a continuation pattern used in technical analysis that looks like a triangle on a price chart.  ( 23 min )

Find out why bank stocks usually trade below book value and understand how trading activities increase a bank's risk exposure and affect its valuation.  ( 20 min )

Deflation is a decrease in the price level of goods and services and the opposite of inflation when prices rise.  ( 20 min )

Popular among investors and analysts, specific financial ratios help evaluate healthcare sector companies.  ( 20 min )

Robinhood shares were sharply lower after the company posted mixed earnings, which included a Monthly Active User (MAU) drop.  ( 17 min )

The U.S. debt grows every year. But how does national debt actually affect you?  ( 27 min )

PayPal beat quarterly profit and sales estimates, but a drop in adjusted operating margin and money set aside to cover bad loans sent shares lower.  ( 16 min )

Qualcomm shares tumbled after the cellphone chipmaker missed revenue estimates and warned about current quarter sales because of slowing demand for smartphones.  ( 16 min )

Life insurance provides a financial safety net for your loved ones, but in certain situations, your policy might not pay out the death benefit.  ( 24 min )

To boost local manufacturing and restrict imports from China, India has imposed licensing requirements that affect computer imports and impact Apple, Dell, and Samsung.  ( 18 min )

Thirty-year mortgage rates edged higher while jumbo 30-year rates jumped to their highest mark since at least 2009. Refinancing rates on 30-year loans climbed for a fifth day.  ( 20 min )

With its high yields and the ubiquity of iPhones, Apple's savings account has attracted over $10 billion in deposits since its launch in April.  ( 17 min )

Joint tenancy is a legal arrangement in which two or more people own a property together, each with equal rights and obligations.  ( 28 min )

Energy giant ConocoPhillips posted second-quarter profit and revenue that missed expectations, reflecting a pullback in oil prices from last year's highs and despite record production levels.  ( 17 min )

Creditworthiness is a measure of the likelihood that you will default on your debt obligations. Lenders consider your creditworthiness when you apply for a loan.  ( 21 min )

Funds transfer pricing (FTP) analyzes bank funding contributes to areas of strength and weakness within the bank.  ( 22 min )

If you want to purchase government debt, you can go straight to the source at TreasuryDirect. However, there are other ways to buy Treasuries.  ( 25 min )

Robinhood shares fell as its first-time profit was overshadowed by a drop in users and Anheuser-Busch InBev shares rose after it beat estimates on earnings despite a boycott. Here’s what investors need to know today.  ( 18 min )

Understand the difference between sponsored American depositary receipts (ADRs) categorized within level I, II or III. Find out how investors can benefit.  ( 21 min )

A lease option is an agreement that gives a renter the choice to purchase the rented property during or at the end of the rental period.  ( 29 min )

A quitclaim deed releases a person’s interest in a property without stating the nature of the person’s interest or rights, and with no warranties of ownership.  ( 21 min )

The S&P 500 fell 0.3% on Thursday, Aug. 3, 2023 after weaker-than-expected earnings reports from ecommerce, travel, and chip companies weighed on the index.  ( 1 min )

Employment and payroll data is expected to remain stable Friday, but any surprises could roil the markets.  ( 1 min )

U.S. equities were mixed and little changed at midday on Thursday, Aug. 3, 2023, amid concerns about higher interest rates and the latest earnings reports.  ( 1 min )

Robinhood shares fell as its first-time profit was overshadowed by a drop in users and Anheuser-Busch InBev shares rose after it beat estimates on earnings despite a boycott. Here’s what investors need to know today.  ( 1 min )

Tesla's electric vehicle (EV) sales in China fell more than 30% last month compared with June, according to the China Passenger Car Association (CPCA). Domestic EV manufacturers in China like BYD, Nio (NIO), and Xpeng (XPEV) gained ground.  ( 1 min )

Tesla is being sued for fraud after reports revealed the company has been knowingly inflating driving-range figures at the behest of CEO Elon Musk.  ( 1 min )

Shares of Regeneron jumped after the drug maker indicated it expects the FDA will soon approve a higher-dose version of its blockbuster drug to treat macular degeneration.  ( 1 min )

With its high yields and the ubiquity of iPhones, Apple's savings account has attracted over $10 billion in deposits since its launch in April.  ( 1 min )

Saoedi-Arabië gaat de olieproductie nog een maand langer beperken. De olieprijzen stijgen al maanden doordat olieproducerende landen hun productie terugschroeven. En dat merken we aan de pomp.  ( 3 min )

De brand op vrachtschip Fremantle Highway heeft geen financiële gevolgen voor Volkswagen. Volgens een woordvoerder is "een zeer klein deel" van de auto’s aan boord van een van de Volkswagen-merken, zoals Audi, Seat of Volkswagen zelf. En die zijn verzekerd.  ( 4 min )

Na een Russische aanval op de Oekraïense havenstad Izmail is de prijs van graan weer gestegen. Oekraïne produceert veel graan, maar kan het door de oorlog lastig exporteren. Rusland trok zich onlangs terug uit de 'graandeal'. NU.nl-lezers vroegen zich af: is er echt geen alternatief?  ( 3 min )

Nederlandse kersentelers beleven een dramatisch jaar door het koude en natte voorjaar. De oogsten zijn volgens telers de helft lager dan in 2022, met duurdere kersen tot gevolg. Inmiddels zijn er ook zorgen over bijvoorbeeld bessen en aardappelen.  ( 4 min )

SNS Bank, ASN Bank en RegioBank verhogen hun spaarrentes. Dat doen ze in navolging van renteverhogingen van de Europese Centrale Bank (ECB) en andere grote banken als Rabobank, ABN AMRO en ING.  ( 4 min )

Nederlandse kersentelers beleven een dramatisch jaar door het koude en natte voorjaar. De oogsten zijn volgens telers de helft lager dan in 2022, met duurdere kersen tot gevolg. Inmiddels zijn er ook zorgen over bijvoorbeeld bessen en aardappelen.  ( 4 min )

In navolging van de Europese en Amerikaanse centrale bank heeft nu ook de Bank of England de rente verhoogd naar het hoogste niveau in jaren. De verhogingen zijn bedoeld om de inflatie te bestrijden.  ( 3 min )

Met het slechte weer trekken vakantiegangers en dagjesmensen naar binnenzwembaden. De kaartjes voor zwembaden bij Center Parks-vakantieparken voor vandaag zijn bijna uitverkocht en die voor vrijdag raken ook op. Bij andere zwembaden blijven buitenbaden dicht.  ( 4 min )

Een korte pinstoring zorgde er donderdag voor dat er bij kassa's door het hele land tijdelijk niet of nauwelijks gepind kon worden. Inmiddels zijn de problemen volgens Betaalvereniging Nederland verholpen.  ( 3 min )

Een landelijke pinstoring veroorzaakt door het hele land problemen aan de kassa's. Mensen kunnen hun boodschappen mogelijk niet afrekenen met een pinpas en moeten met cashgeld betalen. Er wordt gewerkt aan een oplossing.  ( 3 min )

Het Belgische bierconcern AB InBev kan opgelucht ademhalen. Het moederbedrijf van onder meer Budweiser werd het afgelopen kwartaal geteisterd door de inflatie en een boycot, maar maakte wereldwijd toch 7 procent meer omzet.  ( 3 min )

De Turkse inflatie is in juli na acht maanden van daling weer gestegen. De prijzen in het land gingen met 47,8 procent omhoog ten opzichte van dezelfde maand vorig jaar.  ( 3 min )

Nintendo maakte nog nooit zoveel winst als in het afgelopen kwartaal. Het Japanse bedrijf scoorde volop met The Super Mario Bros. Movie en het populaire spel The Legend of Zelda: Tears of the Kingdom.  ( 3 min )

We kiezen steeds vaker voor een stroomcontract met Nederlandse groene stoom. Het gaat dan om een combinatiecontract met gas waarvan de CO2-uitstoot wordt gecompenseerd. Het afgelopen kwartaal werd dat 22 procent vaker aangevraagd dan een jaar terug, meldt prijsvergelijker PriceWise.  ( 3 min )

Consumenten ondervinden meer hinder van de energietransitie. Het gebeurt bijvoorbeeld steeds vaker dat ze hun opgewekte zonnestroom kortstondig niet kunnen terugleveren aan het stroomnet.  ( 3 min )

Chinese kinderen onder de achttien jaar mogen binnenkort mogelijk nog maar een paar uur per dag online op hun telefoons. De Chinese toezichthouder heeft daarvoor een voorstel ingediend. In China wordt de schermtijd van kinderen al jaren beperkt.  ( 4 min )

We kiezen steeds vaker voor een stroomcontract met Nederlandse groene stoom. Het gaat dan om een combinatiecontract met gas waarvan de CO2-uitstoot wordt gecompenseerd. Het afgelopen kwartaal werd dat 22 procent vaker aangevraagd dan een jaar terug, meldt prijsvergelijker PriceWise.  ( 3 min )

De Duitse luchtvaartmaatschappij Lufthansa verwacht dat de vraag naar vliegtickets ook de rest van het jaar hoog blijft. Het aantal boekingen van augustus tot en met december is ruim 90 procent groter dan in de periode voor de coronacrisis.  ( 3 min )

ING heeft afgelopen kwartaal flink geprofiteerd van de hogere rente. Het concern zag vooral de rente-inkomsten toenemen.  ( 3 min )

Het UWV wist al sinds 2020 dat het de online privacy van uitkeringsgerechtigden schond door zonder toestemming cookies te plaatsen om te checken of mensen met een WW-uitkering ongeoorloofd in het buitenland verbleven. Dat blijkt uit onderzoek van de NOS.  ( 5 min )

Inwoners van Friesland bewijzen dat geld niet per se gelukkig maakt. Zij zijn bovengemiddeld tevreden over hun leven, terwijl de Randstad en Noord-Brabant beduidend rijker zijn.  ( 5 min )

De stijgende loonkosten zorgen ervoor dat de prijzen op een hoog niveau blijven. In verschillende sectoren zijn de lonen de afgelopen maanden flink gestegen en steeds meer bedrijven berekenen dat nu door.  ( 5 min )

Het UWV wist al sinds 2020 dat het de privacy van uitkeringsgerechtigden schond door zonder toestemming cookies te plaatsen om te kijken of ze ongeoorloofd in het buitenland verbleven terwijl ze een WW-uitkering ontvingen. Dat blijkt uit onderzoek van de NOS.  ( 5 min )

De stijgende loonkosten zorgen ervoor dat de prijzen op een hoog niveau blijven. In verschillende sectoren zijn de lonen de afgelopen maanden flink gestegen en steeds meer bedrijven berekenen dat nu door.  ( 5 min )

A Yellow employee has filed a class-action lawsuit over the company’s failure to provide advance notices of mass layoffs. The post Abrupt layoffs center of lawsuit against Yellow appeared first on FreightWaves.  ( 31 min )

China's loss in India could be Elon Musk's gain. Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while its largest rival in electric vehicles, China's BYD, has been stopped cold by increased scrutiny from New Delhi. The result could be an opening for Tesla to negotiate terms for an entry to the world's third-largest auto market without the competitive threat from BYD that it faces in other emerging markets, like Thailand.  ( 33 min )

The EV market has become extremely competitive in 2023, and while some of the smaller players are getting crushed, smart investors are betting on highly profitable niches such as electric boats  ( 43 min )

(Bloomberg) -- Qualcomm Inc., the largest maker of smartphone processors, fell as much as 8.2% in late trading after giving a tepid sales forecast for the current quarter, indicating that demand for mobile devices remains weak.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April After Big Rally: Markets WrapCanada PM Justin Trudeau Splits With Wife Sophie GregoireHere  ( 32 min )

(Bloomberg) -- Qualcomm Inc., the largest maker of smartphone processors, gave a tepid revenue forecast for the current period, indicating that demand for mobile devices remains weak even as the industry emerges from a glut.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Drops 1% After Rally as Bond Yields Climb: Markets WrapPoland Sends Troops to Belarus Border After Airspace BreachWhy t  ( 31 min )

Investors frowned on PayPal's second quarter report.  ( 9 min )

Qualcomm, Stung by Sluggish Smartphone Market, Plans Layoffs  ( 25 min )

The company reported non-GAAP earnings of $1.16, edging out expectations at $1.15 a share, according to FactSet.  ( 26 min )

EVgo reported a per-share loss of 8 cents from $50.6 million in sales. Wall Street was looking for a 26-cent loss from sales of $29.5 million.  ( 26 min )

U.S. midstream company Energy Transfer on Wednesday reported lower earnings for the second quarter despite higher transport volumes in most energy product segments versus a year ago. Lower natural gas and natural gas liquids (NGL) prices affected results, the company said. Energy Transfer expects full-year 2023 adjusted EBITDA to range between $13.1 billion and $13.4 billion, which is slightly tighter than the previous range of $13.05 billion to $13.45 billion.  ( 31 min )

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The company reported non-GAAP earnings of $1.16, edging out expectations at $1.15 a share, according to FactSet.  ( 26 min )

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(Bloomberg) -- Occidental Petroleum Corp. bought back $522 million of Berkshire Hathaway Inc.’s preferred stock in the second quarter, demonstrating its willingness to repay Warren Buffett even as commodity prices drop. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April After Big Rally: Markets WrapPoland Sends Troops to Belarus Border After Airspace BreachWhy the U  ( 31 min )

The e-commerce software company expects faster revenue growth than Wall Street analysts had penciled in.  ( 26 min )

See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.  ( 20 min )

SolarEdge Technologies shares cratered after the solar power company warned its business is being hurt by high borrowing costs, and gave current quarter guidance that missed estimates.  ( 18 min )

Richard Branson's Virgin Galactic saw its revenue and expenses both surge in the second quarter as it officially began flying paying customers.  ( 31 min )

Occidental Petroleum Corp on Wednesday reported an 83% slump in second-quarter profit, hit by lower oil and gas prices. Oil and gas prices soared last year in the wake of Russia's invasion of Ukraine but energy prices have dropped sharply this year as fears of shortages eased amid global economic challenges. The lower oil prices were still lucrative for oil producers and Occidental's production in the quarter rose to 1.22 million barrels of oil equivalent per day (boepd) from 1.15 million boepd a year earlier.  ( 30 min )

Occidental Petroleum Corp on Wednesday reported an 83% decline in second-quarter profit on lower crude prices and weaker production. Occidental, one of the largest oil and gas producers in the U.S., said net income attributable to common stockholders stood at $605 million, or $0.63 per share, for the three months ended June 30, compared with $3.55 billion, or $3.47 per share, a year ago.  ( 30 min )

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Though inflationary headwinds and subsequent interest rate hikes have squeezed budgets in households, consumer spending held up through the second quarter, driving an 11% surge in PayPal's total payment volume to $376.5 billion. PayPal expects third-quarter revenue at about $7.4 billion, above analysts' average estimate of $7.32 billion, according to Refinitiv data. The optimistic revenue forecast echoed results of card giants Mastercard and Visa, which posted a boost in quarterly profits on the back of strong consumer spending.  ( 31 min )

Payments firm PayPal Holdings forecast third-quarter revenue above estimates on Wednesday, expecting consumers to remain resilient in the face of a tough economy. Though inflationary headwinds and subsequent interest rate hikes have squeezed budgets in households, consumer spending held up through the second quarter, driving an 11% surge in PayPal's total payment volume to $376.5 billion. PayPal expects third-quarter revenue at about $7.4 billion, above analysts' average estimate of $7.32 billion, according to Refinitiv data.  ( 31 min )

South American e-commerce giant MercadoLibre reported on Wednesday a 113% rise in its second-quarter net income from a year earlier to $261.9 million, amid higher sales volume and an increase in users. The company, with presence in over 18 countries across Latin America, saw its net revenue rise 57.3% in constant currency to $3.4 billion. Over the quarter, MercadoLibre said it added 8.1 million new users across its operations, bringing its total active user base to 108.6 million.  ( 31 min )

Demand for consumer electronics has also been hampered by a slower-than-expected economic recovery in China. Smartphone shipments in the world's second largest economy were down 5% in the June quarter, according to Canalys data. Qualcomm said its forecast also takes into account the impact of the macroeconomic headwinds, weaker global handset units and channel inventory drawdown.  ( 30 min )

Stocks slid Wednesday after the Fitch agency downgraded US credit.  ( 31 min )

Fitch downgraded the U.S. credit rating in a shock move that has sent stocks lower. But there is reason to believe it won't be as bad as the last downgrade.  ( 26 min )

Amazon will report its Q2 2023 earnings on Thursday after the market closes.  ( 33 min )

JPMorgan Chase CEO Jamie Dimon criticized Fitch's decision to downgrade the U.S. government's credit rating, calling it “ridiculous.” “I would point out to the rating agencies if I could that there are a bunch of countries rated higher than us, like AAA, but they live under the American enterprise  ( 11 min )

(Bloomberg) -- A deal to take Donald Trump’s media company public is facing another major setback, putting into question whether it will ever get completed. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Drops 1% After Rally as Bond Yields Climb: Markets WrapPoland Sends Troops to Belarus Border After Airspace BreachWhy the US Credit Rating Was Cut by Fitch and What It MeansSpecial-purpo  ( 32 min )

The fall came amid a broader sell-off in the tech sector that saw megacap stocks fall 1.5% to 5% and the Philadelphia SE Semiconductor Index drop 3.5%. AI has been a key theme in the chip sector so far this year, driving shares of chip companies and helping Nvidia become the first and only semiconductor firm to be valued at more than a trillion dollars. Investors hope AMD will emerge with a challenger chip to Nvidia's most powerful AI semiconductors and help in fulfilling strong demand for chips that can power applications like chatbot ChatGPT.  ( 31 min )

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UBS Group is laying off employees from Credit Suisse's investment bank this week in New York, a source familiar with the situation said. On top of the layoffs in New York, UBS has decided to close Credit Suisse's office in Houston, the person added, asking for anonymity to speak freely on the matter. The office in Houston used to lead business with the oil industry, which will now be covered by New York, the source added, also declining to specify the number of people affected.  ( 30 min )

Jamie Dimon, the chief executive of JPMorgan Chase, said Fitch’s downgrade of the U.S. credit rating shouldn’t be too concerning about how investors view the country’s ability to pay its debt. In an intervi  ( 22 min )

The ratings agency cut the US's credit score late Tuesday, citing rising debts and an "erosion of governance."  ( 31 min )

It's well-established on Wall Street that companies that beat the analysts' estimates often outperform other stocks over the next few weeks. And when the "beat" is on both earnings and revenue, it's even more likely to propel a stock higher. But sometimes Wall Street will "buy on the rumor, sell on the news," and a stock may drop for a day or two after the earnings report. Analysts' opinions often carry more weight than the earnings performance of a company. Take a look at three real estate inve  ( 33 min )

(Bloomberg) -- Bond investors are pushing US Treasury yields to fresh 2023 highs, spooked by plans for a flood of government-debt issuance and signs of the labor market’s enduring strength. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PolicePoland Sends Troops to Belarus Border After Airspace BreachStock Traders Fret Over a Steeper US Yield Curve: Markets WrapWhy the US Credit Rating Was Cut by Fitc  ( 30 min )

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Warner Bros. Discovery is set to report second-quarter earnings on Thursday. Here's what to expect.  ( 33 min )

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It's way too easy to become a real estate agent, posing a threat to both consumers and experienced Realtors.  ( 36 min )

The Fitch agency’s downgrade of the U.S. government’s credit rating is being met with pushback from officials and well known economists, while others said it highlighted the need for the government to reduce spending deficits.  ( 20 min )

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The U.S. economy grew at an upwardly revised annual rate of 2% in the first quarter, shrugging off prior fears of a recession. But according to JPMorgan Chase & Co., the “R word” may be inevitable. That’s because of the U.S. Federal Reserve’s aggressive interest rate hikes to tame rampant inflation. “While the economy’s recent resilience may delay the onset of a recession, we believe that most of the lagged effects of the past year’s monetary tightening have yet to be felt, and ultimately a rece  ( 32 min )

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Wall Street fell on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world. Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years as well as growing government debt, the second major agency to cut the country's rating after Standard & Poor's in 2011 stripped it of its triple-A grade. Several major brokerages, however, said the downgrade was unlikely to result in a sustained drag on U.S. financial markets, noting that the economy was stronger than in 2011.  ( 32 min )

Investors are drawing false comfort from the past and from the perception that fiscal scolds in the U.S. have cried wolf so often.  ( 27 min )

Semiconductor stocks have been one of this year’s hottest trades. But lately, chipmakers have been leaving investors cold. Advanced Micro Devices reported second-quarter sales and earnings that topped Wall Street estimates on Tuesday afternoon. But investors were evidently looking for more: AMD sha  ( 22 min )

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Renowned investor and Berkshire Hathaway Inc. Vice Chairman Charlie Munger is no stranger to controversial statements when it comes to investment philosophy. One of his most contentious views is on diversification, which he famously refers to as "deworsification." According to Munger, the traditional approach to diversifying investments may not be the wisest strategy. During the 2019 Daily Journal Annual Meeting, Munger responded to a question about diversification with a memorable analogy. "Div  ( 33 min )

I'm 73 and my 401(k) hasn't been doing well for the last few years. Would it be a good idea for me to withdraw my money from my 401(k) and pay the tax that I will have to pay eventually anyway, and then invest the rest of my money in CDs? -Archie Your desire for […] The post Ask an Advisor: I'm 73 and My 401(k) ‘Hasn't Been Doing Well.’ Should I Withdraw My Money and Invest in CDs? appeared first on SmartReads by SmartAsset.  ( 33 min )

Disappointing guidance from SolarEdge follows a similar announcement from Enphase Energy last month.  ( 47 min )

Crude prices fell more than 2% Wednesday as those long the market took meaningful profit the first time since a five-week rally in oil began. The slump, interestingly, came on a day when the Energy Information Administration reported an epic drop in weekly U.S. crude stockpiles, after weeks of citing paltry inventories despite OPEC leader Saudi Arabia claiming to be cutting an additional million barrels per day from its production since the start of July that would take 2.5 million daily off its output. More interesting than the EIA report was a story suggesting the Saudis might be playing a deception game with their production cuts by “quietly selling” additional oil to the so-called PNZ, or Partitioned Neutral Zone, region it shared with Kuwait that escapes the radar of the broader market.  ( 32 min )

Are markets headed for new record highs? That may seem counter-intuitive, but according to J.P. Morgan’s head of US market intelligence, Andrew Tyler, the tea leaves are indicating just such new heights for the S&P 500. Tyler notes that, even in today’s uncertain conditions, the S&P index is within 5% of its all-time high – and with inflation slowing down, the Fed is likely to pare back on further rate hikes, a move that will support growth and a shift toward stocks. Recent earnings reports are  ( 34 min )

Mortgage rates moved strongly upward for virtually every loan type Tuesday, with the 30-year and 15-year averages reaching three-week highs. Refi rates also jumped.  ( 21 min )

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Shares of troubled trucking company Yellow slid 15% in early trading Wednesday morning. The morning move extends a stretch of volatile trading that has followed the company's decision to shut down operations ahead of [an expected bankruptcy filing](https://www.wsj.com/articles/the-fall-of-a-truckin  ( 21 min )

Stocks were set up to slide Wednesday after the Fitch agency downgraded US credit.  ( 29 min )

During Wednesday’s trading session, the euro experienced a slight decline, hovering just above the 50-Day Exponential Moving Average.  ( 32 min )

AMD stock is now set to be driven by its success in AI chips. But analysts are split on how much market share it can take from Nvidia.  ( 26 min )

In my 401(k) retirement plan, I’m 82% stocks. I’m 65 and still working. Should I be moving my stocks to bonds? -Bob While it's not a satisfying answer, the real answer is that "it depends." The decision of whether to shift your 401(k) to a more conservative asset allocation will depend primarily on your longer-term […] The post Ask an Advisor: ‘Should I Be Moving Stocks to Bonds?’ I’m 65 and Have 82% of My 401(k) in Equities appeared first on SmartReads by SmartAsset.  ( 33 min )

Tupperware is the latest meme stock, and retail traders have pushed it higher in recent weeks despite concerns over the future of the business.  ( 26 min )

Americans, on average, believe they'll need $1.8 million for retirement. Is that realistic, and how would they get there?  ( 32 min )

Tupperware shares are sliding 13% ahead of the opening bell, chipping away at some of the stock's big gains this week. Investors have been following [the meme playbook](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-08-01-2023/card/tupperware-stock-skyrockets-24-ahead-of-the-opening-  ( 22 min )

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People say they need more money than ever to retire comfortably, but most employees are far from reaching their financial goal.  ( 30 min )

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Tyre manufacturer Goodyear India reported a higher quarterly profit as a drop in raw material prices helped make up for its first revenue fall in 12 quarters on low demand. The Indian unit of U.S.-based Goodyear Tire and Rubber Co said standalone profit rose 4% to 392.6 million rupees ($4.8 million) in the first quarter. While revenue from operations fell about 12% to 7.2 billion rupees, that was more than offset by a roughly 13% drop in expenses due to lower raw material prices.  ( 31 min )

LONDON (Reuters) -German mobile and broadband provider 1&1 said it had agreed a deal for Vodafone to provide 5G coverage to its customers, ousting current network partner Telefonica Deutschland by October 2024 at the latest. 1&1, which is majority owned by United Internet AG, said Vodafone would provide mobile coverage in areas not covered by its new 1&1 network, including 5G, 2G and 4G, under a deal that would be concluded as soon as possible.  ( 31 min )

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(Bloomberg) -- Investors will continue to scoop up Treasuries despite Fitch Ratings’ move to cut the US’ credit rating although the downgrade may spur some short-term volatility, according to analysts.Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellPoland Sends Troops to Belarus Border After Airspace BreachMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsTrump Indicted on Federal Charges  ( 33 min )

CVS Health topped second-quarter expectations, but the health care giant's profit sank as pricing pressure hurt its drugstore business and rising medical costs hit the health insurance side. The drugstore chain, pharmacy benefit manager and insurer said Wednesday that it posted adjusted earnings of $2.21 per share in the quarter that ended June 30. Woonsocket, Rhode Island-based CVS Health Corp. operates one of the nation’s largest drugstore chains with nearly 10,000 retail locations.  ( 30 min )

Shares of the back-up power provider tumble after the company warns of a sharper sales decline in the second half of the year.  ( 26 min )

Low margins industry-wide saw Enterprise Products Partners missing analyst expectations for Q2, but the company still reached six operational records  ( 12 min )

Fitch downgraded the U.S. credit rating in a shock move that has sent stocks lower. But there is reason to believe it won't be as bad as the last downgrade.  ( 27 min )

CVS Health Corp beat Wall Street estimates for quarterly profit on Wednesday, boosted by strength in its pharmacy benefit management unit and lower-than-expected medical costs in its health insurance business. Excluding items, the company reported a profit of $2.21 per share, above analysts' average estimate of $2.11 per share, according to Refinitiv data.  ( 30 min )

Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years as well as a growing general government debt burden, making it the second major rating agency after Standard & Poor's move in 2011 to strip the country of its triple-A rating. "When the debt of the world's largest economy is seen as lower quality, it will naturally trouble investors and make them rethink their portfolios," said Laith Khalaf, head of investment analysis at AJ Bell. Megacap stocks including Tesla, Nvidia, Meta Platforms and Microsoft fell between 1.2% and 2.7% in premarket trading, dragging the Nasdaq 100 futures down by 1.1%.  ( 31 min )

AMD's fiscal third-quarter revenue guidance slightly misses estimates, quarterly sales at Starbucks come up short, and EA's guidance disappoints. CVS Health, Qualcomm, Shopify, and PayPal are among the companies reporting earnings Wednesday.  ( 27 min )

AMD stock is now set to be driven by its success in AI chips but analysts are split on how much market share it can take from Nvidia.  ( 26 min )

The U.S. Internal Revenue Service plans to allow taxpayers to submit all documents and correspondence to the agency digitally for the 2024 tax filing season and will convert all paper tax returns to digital documents by the 2025 season, the Treasury Department said on Wednesday. The initiative, part of a decade-long, $60 billion program to modernize systems and improve tax enforcement, will allow taxpayers to digitally submit all correspondence, non-tax forms and responses to IRS notices, the Treasury said.  ( 30 min )

The industrial titan slashed its payout in 2018. A separation of the aviation and power divisions could mean a bigger one.  ( 26 min )

Asian shares dipped Wednesday after Wall Street took a step back from its big rally as markets tried to digest a slew of earnings. Hong Kong's Hang Seng dipped 2.1% to 19,590.86, while the Shanghai Composite lost 0.9% to 3,259.93. Investor optimism was hurt by Fitch Ratings downgrading the United States government’s credit rating, citing rising debt at the federal, state, and local levels.  ( 33 min )

Maker of mobile processors and 5G wireless chipsets Qualcomm may provide a muted forecast when it reports fiscal-third-quarter earnings after the market close.  ( 26 min )

(Bloomberg) -- Asia stocks fell as Fitch Ratings’ downgrade of the US sovereign rating sapped risk sentiment following a strong recent run, while further support measures from China failed to reverse the mood. Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsPoland Sends Troops to Belarus Border After Airspace BreachTrump Indicted on Federal Charges in 2020 Election ProbeMissing Goldman Sachs Analyst Co  ( 33 min )

(Bloomberg) -- The fallout from Fitch Ratings’ downgrade of the US puts the focus on the countries still holding onto the coveted top credit grade.Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellPoland Sends Troops to Belarus Border After Airspace BreachUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceTrump Indicted on Federal Charges in 2020 Election ProbeEconomies with the highest credi  ( 30 min )

(Bloomberg) -- Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their peers in criticizing Fitch Ratings’ decision to downgrade the US given signs of resilience for the world’s largest economy.Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsPoland Sends Troops to Belarus Border After Airspace BreachTrump Indicted on Federal Charges in 2020 Election ProbeMissing Goldman Sachs A  ( 31 min )

Gold climbed on Wednesday as the U.S. dollar, Treasury yields and Asian stocks stumbled after Fitch downgraded the United States' coveted triple-A credit rating, souring confidence in the economy and shoring up interest in safe-haven bullion. Spot gold was up 0.2% at $1,946.97 per ounce by 0312 GMT, while U.S. gold futures rose 0.3% to $1,984. Fitch after the Wall Street close on Tuesday downgraded the U.S. government's credit rating from AAA to AA+, citing fiscal deterioration over the next three years and growing general government debt burden.  ( 31 min )

Asian stocks traded lower while U.S. Treasury yields declined on Wednesday, after ratings agency Fitch unexpectedly downgraded the United States' top-tier sovereign credit rating. MSCI's broadest index of Asia-Pacific shares fell 0.5%. Asian stocks were also weighed by declines on Wall Street overnight.  ( 31 min )

Whether the federal government recovers the money it lent Yellow at the height of the pandemic would likely depend on how much Yellow raises by selling assets.  ( 26 min )

Oil prices rose more than 1% on Wednesday, trading near their highest since April, after industry data showed a much steeper-than-expected draw last week in crude oil inventories in the U.S., the world's biggest fuel consumer. Brent crude futures for October rose 92 cents, or 1.1%, to $85.83 a barrel by 0001 GMT, while U.S. West Texas Intermediate crude climbed 84 cents, or 1.03%, to $82.21 a barrel. U.S. oil inventories fell by 15.4 million barrels in the week ended July 28, according to market sources citing American Petroleum Institute figures, compared with analysts' estimates for a drop of 1.37 million barrels.  ( 31 min )

U.S. Treasury yields edged down in Tokyo on Wednesday after ratings agency Fitch lowered the country's top credit rating. Fitch overnight downgraded the U.S. government's rating to AA+ from AAA, citing an expected fiscal deterioration over the next three years as well as a high and growing general government debt burden. "This will likely spark risk aversion flows as Asian markets re-open," Tony Sycamore, a markets analyst at IG, wrote in a note to clients.  ( 30 min )

(Bloomberg) -- Advanced Micro Devices Inc., the second-largest maker of personal computer processors, gained in late trading after the company topped second-quarter estimates and said it was making further inroads in artificial intelligence computing. Most Read from BloombergUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationStocks ‘Bend, Don’t Break’ After Almost 30% Rally: Markets WrapAsia’s Richest Families Fuel Race for  ( 32 min )

The S&P 500 index finished 1.4% lower on August 2, 2023, after chipmaker AMD issued weaker-than-expected third-quarter guidance, which weighed on the sector.  ( 1 min )

Investors reacted to the Fitch Rating agency’s downgrade of U.S. credit, sending long-term bonds higher and the Dow Jones lower by about 1%, or 350 points.  ( 1 min )

U.S. equities plunged at midday on Wednesday, Aug. 2, 2023 after Fitch reduced the U.S. credit rating.  ( 1 min )

Fitch downgrades the U.S. credit rating over recent debt-ceiling standoffs and AMD shares rise after its earnings report highlights its AI products. Here’s what investors need to know today.  ( 1 min )

The S&P 500 index finished 1.4% lower on August 2, 2023, after chipmaker AMD issued weaker-than-expected third-quarter guidance, which weighed on the sector.  ( 17 min )

Women face barriers to getting a raise. Here's how to strategically negotiate your salary and increase your earning potential.  ( 23 min )

Half of workers think they might reach their retirement goals.  ( 17 min )

See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.  ( 18 min )

Humana said it paid out fewer-than-expected claims for non-urgent surgery, and that helped the health insurer record better-than-expected second quarter profit.  ( 18 min )

SolarEdge Technologies shares cratered after the solar power company warned its business is being hurt by high borrowing costs, and gave current quarter guidance that missed estimates.  ( 16 min )

Six asset managers have filed with the SEC for Ethereum futures ETFs, which could launch as early as October.  ( 17 min )

Devaluation is the deliberate downward adjustment to the value of a country's currency relative to another currency or standard.  ( 23 min )

Next tax season will involve a lot less paper, both for taxpayers and for the IRS, which has launched an effort to rid itself of the hundreds of millions of pieces of forms and correspondence it receives every year.  ( 17 min )

You can buy a CD in a foreign country, but it's risky. Find out more about how it works and the pros and cons.  ( 23 min )

These accounts—created specifically for the wealthy—come with special perquisites such as personal bankers, waived fees, and the option of placing trades.  ( 23 min )

The quantity supplied is a term used in economics to describe the number of goods or services that are supplied at a given market price.  ( 23 min )

Generac Holdings was the worst-performing stock in the S&P 500 after the maker of home generators and other alt power equipment warned of a slump in residential sales because of falling demand.  ( 16 min )

Investors reacted to the Fitch Rating agency’s downgrade of U.S. credit, sending long-term bonds higher and the Dow Jones lower by about 1%, or 350 points.  ( 17 min )

Federal support for renewable energy projects more than doubled from 2016 to 2022, according to a recent report from the U.S. Energy Information Administration (EIA).  ( 17 min )

Rohit Chopra is the director of the Consumer Financial Protection Bureau (CFPB). He previously served as commissioner of the Federal Trade Commission (FTC).  ( 22 min )

Learn about 10 of the boldest leveraged buyouts in history. See how they became famous for either making, or losing, billions.  ( 25 min )

Combined single limits is an insurance policy provision where coverage for all components of a claim (bodily injury and property damage) is handled by a single amount.  ( 21 min )

Monetary policy impacts every asset class, and investors commonly structure their portfolios to benefit from and absorb economic policy changes.  ( 21 min )

The White House and Supreme Court have taken opposing positions on student loan forbearance. Learn what's in store for student borrowers with the SAVE plan.  ( 24 min )

In the aftermath of the COVID-19 pandemic, hiring is still booming, unemployment is near historic lows, yet Americans as a whole are still working fewer hours than they did in 2019.  ( 18 min )

Yum! Brands reported a record $7 billion in digital sales during the second quarter of 2023 as worldwide sales and same-store sales increased.  ( 18 min )

Trading losses and a decline in dealmaking led to an earnings slump at private equity (PE) firm Carlyle Group in the second quarter, although the loss was smaller than expected.  ( 17 min )

Learn the most commonly followed market and economic indicators used by market analysts to track the Chinese stock market and China's economy.  ( 27 min )

Here are the best online brokerage accounts and trading platforms with low costs and fees plus the best trading experience, mobile apps, and more.  ( 34 min )

Discover’s savings account doesn’t usually have the highest APY, but it’s easily accessible with no minimum deposit or monthly fee.  ( 20 min )

The Fitch agency’s downgrade of the U.S. government’s credit rating is being met with pushback from officials and well known economists, while others said it highlighted the need for the government to reduce spending deficits.  ( 19 min )

The desirable markets aren't immune to high mortgage rates and low inventory, which are dampening the housing market nationwide.  ( 19 min )

Chemicals giant DuPont De Nemours posted a smaller-than-expected loss in the second quarter while raising its full-year sales forecast, but projected lower earnings for the year.  ( 17 min )

See a full overview of PNC savings account interest rates. Compare PNC Bank to top competitors and find the right savings account for your financial needs.  ( 21 min )

You can name almost anyone as a transfer on death (TOD) beneficiary. Learn more about the process and benefits for naming a TOD beneficiary.  ( 22 min )

An account freeze includes actions taken by a bank, brokerage or government to prevent transactions in an account.  ( 22 min )

Kraft Heinz's Q2 earnings reflected sales affected by a reduction in demand from cost-conscious consumers. Shares slipped early Wednesday but recovered.  ( 17 min )

Shares of CVS Health Corporation advanced as cost cutting helped the pharmacy chain and healthcare company post better-than-expected results.  ( 16 min )

U.S. equities plunged at midday on Wednesday, Aug. 2, 2023 after Fitch reduced the U.S. credit rating.  ( 16 min )

Starbucks sales soared in China as COVID-19 restrictions there eased, but overall revenue and comparable store sales were less than expected.  ( 16 min )

The House Committee on China has launched an investigation into BlackRock and MSCI for investing into blacklisted Chinese companies.  ( 17 min )

Researchers working on artificial general intelligence (AGI) aim to eventually produce a form of AI with human-level intelligence. AGI would ideally be able to learn, self-teach, and perform generalized tasks without human supervision or intervention.  ( 25 min )

Explore the forward price-to-earnings ratio, and learn its significance and how it compares to the traditional price-to-earnings ratio.  ( 20 min )

Learn about President Biden's proposals on healthcare, taxes, student debt, workers' rights, industry, infrastructure, and climate change.  ( 29 min )

A telex release is a convenient option for shippers who do not need original documents for their accounting or legal records.  ( 21 min )

A bank statement is a record, typically sent to the account holder every month, summarizing all transactions in an account during a set time period.  ( 22 min )

Is it better to make foreign direct investments or foreign portfolio investments? What is the difference and who does each one appeal to?  ( 19 min )

Mortgage rates moved strongly upward for virtually every loan type Tuesday, with the 30-year and 15-year averages reaching three-week highs. Refi rates also jumped.  ( 20 min )

Similar to rivals Intel and Nvidia, AMD could develop AI chips that it will be allowed to export to China despite U.S. controls.  ( 17 min )

An external transfer is a way to move money between accounts that are in different financial institutions. Learn how external transfers work.  ( 23 min )

Fitch downgrades the U.S. credit rating over recent debt-ceiling standoffs and AMD shares rise after its earnings report highlights its AI products. Here’s what investors need to know today.  ( 18 min )

Learn who the top 10 billionaires in the world are and how they built their wealth.  ( 33 min )

A variety of metals, plastics, raw materials and chemicals are used by the electronics industry including copper, lithium, silver, gold and many others.  ( 19 min )

Financial capital commonly refers to the assets needed so a company can provide goods or services, measured in cash value. Economic capital is the money to cover possible losses from unexpected risks.  ( 19 min )

A structured note is a debt obligation that also contains an embedded derivative component that adjusts the security's risk-return profile.  ( 22 min )

Inwoners van Friesland bewijzen dat geld niet per se gelukkig maakt. Zij zijn bovengemiddeld tevreden over hun leven, terwijl de Randstad en Noord-Brabant beduidend rijker zijn.  ( 5 min )

Isolatiebedrijven en woningeigenaren moeten voor ze spouwmuren isoleren goed onderzoeken of daar vleermuizen in zitten. Met een camera in de ruimte tussen de muren kijken is niet voldoende.  ( 5 min )

Ferrari beleeft dit jaar gouden tijden met sterke verkopen in Europa, de Verenigde Staten en China. De sportwagenfabrikant zag de nettowinst met een derde stijgen tot 334 miljoen euro. Prijsverhogingen maken klanten schijnbaar niet minder enthousiast.  ( 3 min )

Pensioenfondsen profiteren van de stijgende rente en koerswinsten op de aandelenbeurs. Daardoor zijn de dekkingsgraden in juli opgelopen tot gemiddeld 122 procent. Dat betekent dat de fondsen gemiddeld voor elke 100 euro pensioenuitkering 122 euro in kas hebben.  ( 3 min )

De Griekse overheid biedt vakantiegangers een week gratis vakantie op Rhodos aan. Het aanbod geldt voor toeristen die in juli hun vakantie moesten afbreken vanwege hevige bosbranden.  ( 3 min )

Het is vandaag Earth Overshoot Day. Op deze 'dag van de overbevraging' hebben we al het voedsel en de grondstoffen die de aarde in een jaar tijd duurzaam kan produceren al verbruikt. Dus 'vieren' we vandaag dat we flink rood staan bij de planeet.  ( 5 min )

De Griekse overheid biedt vakantiegangers een week gratis vakantie op Rhodos aan. Het aanbod geldt voor toeristen die in juli hun vakantie moesten afbreken vanwege hevige bosbranden.  ( 3 min )

De prijzen van tarwe en mais zijn woensdag verder gestegen na de Russische aanval op de haven van de Oekraïense stad Izmail.  ( 3 min )

Met een betaald abonnement op X, voorheen Twitter, krijg je een blauw vinkje achter je naam. Gebruikers die er niet mee te koop willen lopen dat ze voor de dienst betalen, kunnen hem voortaan verbergen voor anderen.  ( 4 min )

De Verenigde Staten zijn voor beleggers minder betrouwbaar geworden. Volgens kredietbeoordelaar Fitch behoren Amerikaanse staatsleningen niet meer tot de veiligst denkbare beleggingen. Dat heeft te maken met de politieke strijd over het schuldenplafond.  ( 3 min )

Werknemers profiteren steeds meer van de krapte op de arbeidsmarkt. Het is niet voor niets dat het verloop bij veel bedrijven op een hoog niveau ligt. We wisselen vaker van baan en zijn niet meer bang om een hoger loon of een andere functie te eisen.  ( 5 min )

De regenachtige weken in juli zorgen voor lege terrassen bij strandtenten. Maar weer of geen weer, de Duitse toerist blijft een trouwe klant.  ( 5 min )

The House Committee on China has launched an investigation into BlackRock and MSCI for investing into blacklisted Chinese companies.  ( 1 min )

BTC's price rose following the announcement.  ( 30 min )

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United Auto Workers President Shawn Fain said on Tuesday the union is seeking economic benefits in contract talks with the Detroit Three automakers, including double-digit pay raises and defined benefit pensions for all workers. The UAW presented its economic demands to Chrysler-parent Stellantis on Tuesday and will make presentations to General Motors Wednesday and Ford Thursday ahead of the Sept. expiration of the current four-year contracts, Fain said.  ( 29 min )

As summer travel remains solid and consumer spending appears robust, plenty of analysts now believe a recession will not materialize. However, that is not the view of Raymond James’ CIO, Larry Adam. Adam is of the mind that a recession is all but inevitable and will kick off by this year’s fourth quarter. That said, the good news is that it will be a mild recession, one where the U.S. economy will shrink in a far less acute manner than during other recessions (0.6% vs. the average 2.5%), won’t l  ( 34 min )

Shares of the Monroe, Louisiana-based company, which has lost more than 61% of their value this year, dropped more than 8% in trading after the bell. The company, whose second-quarter loss was more than four times its $2 billion market capitalization, recorded a steep fall from a profit of $344 million a year ago. Lumen said it recorded a non-cash impairment charge of $8.8 billion in the quarter, triggered by a sustained decline in their share price and variance in the market valuation in the April-June period.  ( 31 min )

See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.  ( 20 min )

The company topped estimates but that wasn't enough for fickle investors.  ( 26 min )

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Whoever coined the phrase, "Sell in May and go away" surely wasn't referring to the 2023 stock market. Both June and July were excellent months for the major indices, and while real estate investment trusts (REITs) underperformed the general indices, most still managed to finish on the positive side in July. July was an outstanding month for office REITs as three of the top four performers emerged from that sector. Short sellers who were predicting office stocks' demise were forced to run for co  ( 32 min )

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Profits for oil and gas companies have dropped from last year's bumper levels after crude prices eased from multi-year highs when Russia's invasion of Ukraine upended markets. Shares of Devon fell 2.4% to $52.41 in extended trade. Pioneer posted a 53.5% drop in second-quarter profit, while Devon's income declined 64.3%.  ( 31 min )

Advanced Micro Devices forecast third-quarter revenue below market expectations on Tuesday, hit by a slowdown in cloud computing spending. The company forecast current-quarter revenue of about $5.7 billion, plus or minus $300 million. Analysts polled by Refinitiv expect revenue of $5.82 billion.  ( 30 min )

(Bloomberg) -- A gravity-defying rally in electric vehicle startup Nikola Corp. is showing no signs of stopping, as the company’s latest efforts to conserve cash and secure funds reignites a fervor for the stock. Most Read from BloombergUS Credit Rating Downgraded From AAA by Fitch US, Europe Growing Alarmed by China’s Rush Into Legacy ChipsTrump Indicted on Federal Charges in 2020 Election ProbeStocks ‘Bend, Don’t Break’ After Almost 30% Rally: Markets WrapCharles Koch-Tied Group Seeks to Block  ( 32 min )

Videogame publisher Electronic Arts missed booking estimates for its first quarter on Tuesday, hurt by competition from other franchise-based games and muted spending by gamers. The company posted net bookings of $1.58 billion in the quarter ended June 30, compared with Refinitiv estimates of $1.59 billion.  ( 30 min )

Starbucks posted fiscal third-quarter results on Tuesday after market close.  ( 31 min )

Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said. IPhone sales likely fell more than 2% in the period, according to 24 analysts polled by Visible Alpha, compared with a near 3% increase a year earlier and a 1.5% rise in the quarter ended March. The quarterly report could mark a break from an upbeat earnings season for the likes of Meta Platforms, Alphabet and Microsoft that have shown resilience in their cloud businesses and an uptick in digital ad sales.  ( 32 min )

For the fiscal third quarter, analysts expect Apple to report sales of $81.9 billion, down about 1% from the year-earlier quarter.  ( 26 min )

Pfizer reports mixed second quarter earnings as uncertainty around COVID remains a headwind.  ( 33 min )

Yellow stock was surging Tuesday, even after the company ceased operations. Yellow (ticker: YELL) is one of the country's largest and oldest trucking firms. The company notified the Teamsters Union on [Monday](https://teamster.org/2023/07/teamsters-notified-that-yellow-corp-operating-companies-have  ( 10 min )

Tupperware is the latest meme stock, and retail traders have pushed it higher in recent weeks despite concerns over the future of the business.  ( 27 min )

A drug company with operations in Morrisville has signed a major licensing deal for its newly approved treatment for multiple sclerosis.  ( 10 min )

US judge Jed Rakoff said cryptocurrencies can be securities when sold to the general public, adding more murkiness to how the industry will be regulated.  ( 32 min )

To start, Enphase Energy is working to expand faster in Europe, where its sales are still growing fast.  ( 27 min )

Cruise stocks fell Tuesday, with Norwegian Cruise Line plummeting, after the company set a third-quarter profit outlook that was narrower than Wall Street expected. Norwegian's shares were recently down more than 13%, on pace to break a four-day winning streak and one of the S&P 500's worst perfo  ( 22 min )

Creditors led by Apollo Global Management Inc are nearing a deal to provide Yellow Corp with fresh cash during a coming bankruptcy, Bloomberg News reported, citing people with the matter. Yellow, formerly called YRC Worldwide, is the third-biggest U.S. trucking company's that focuses on "less-than-truckload" shipping and transports goods from multiple shippers in single trailers. Apollo and Yellow did not immediately respond to Reuters' request for a comment.  ( 30 min )

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Crumbling COVID-19 vaccine and treatment sales chopped Pfizer’s second-quarter earnings, but both the drugmaker and Wall Street expect a rebound in the back half of 2023. Pfizer recorded no U.S. sales of its treatment, Paxlovid, in the recently completed quarter, as the company shifts to selling the pills on the commercial market after contracting with the government. Sales of the vaccine Comirnaty also slid 83% to $1.49 billion in the quarter, as both products fell short of Wall Street expectations.  ( 31 min )

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SoFi is aiming to be profitable in its fourth quarter, but Wall Street is questioning the pace of growth.  ( 26 min )

BRY, GNK, ARI, PXD, and EGLE lead peers by forward dividend yield  ( 25 min )

Toyota's operating margins are back above those of electric vehicle giant Tesla. The battle for global automotive dominance continues.  ( 26 min )

Yellow Corp.'s expected bankruptcy was decades in the making, says FreightWaves' Craig Fuller, who argues Teamsters were "dragging" the "precarious" situation.  ( 31 min )

(Bloomberg) -- Tupperware Brands Corp. has been warning for months that it may go bust, but that isn’t keeping retail investors away from powering an eye-popping rally reminiscent of the pandemic-era meme stock craze.Most Read from BloombergCharles Koch-Tied Group Seeks to Block Trump From GOP NominationUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsAsia’s Richest Families Fuel Race for Lucrative Finance JobsSingapore PM to Address Political Scandals in ParliamentMyanmar Junta Pardo  ( 32 min )

(Bloomberg) -- Uber Technologies Inc. reported better-than-expected net income, boosted by record ridership volumes, offering evidence the ride-hailing giant is officially moving beyond its cash-burning startup past and making progress on its profitability goals. Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationMyanmar Junta Pardons Aung S  ( 32 min )

The crypto-enthusiast suggested that young and risk-tolerant investors buy Alibaba stock, silver, ether, and bitcoin.  ( 32 min )

High earners could see a significant tax increase under a Democratic proposal to bolster Social Security and Medicare. A financial advisor can help you respond to potential changes to tax laws and regulations. Find a fiduciary advisor today. The proposed legislation – called the "Medicare and Social Security Fair Share Act" – would require taxpayers […] The post Are You a High Earner? You Could Pay a Lot More in Taxes Under This Proposed Law appeared first on SmartReads by SmartAsset.  ( 31 min )

U.S. District Judge Rakoff rejected a previous judge’s distinction between institutional sales and sales to retail investors on crypto exchanges, the report noted.  ( 31 min )

It’s been clear for a while now that the stock market is on an upward trajectory, buoyed by a resilient economy and retreating high inflation. The good news, according to John Stoltzfus, Chief Investment Strategist at Oppenheimer, is that the chances of the bull market continuing are more likely than the bears grabbing hold of the narrative once again. “Our appraisal of the market landscape at this time suggests that opportunity outweighs risk as current monetary policy generates a transition fr  ( 34 min )

Goldman Sachs upgraded, Rivian downgraded: Wall Street's top analyst calls  ( 33 min )

Signs of a softening demand in the quarters ahead have hurt airline shares this earnings season.  ( 26 min )

The ride-hailing company posts its first-ever quarterly operating profit and gives better-than-expected third-quarter guidance.  ( 26 min )

Shares of trucking company Yellow continued to soar early Tuesday, extending a stretch of busy trading days after the company shut down operations ahead of an expected bankruptcy filing. The  ( 22 min )

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Believe it or not, Meta's stock still looks cheap on this one important valuation metric.  ( 33 min )

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Chinese electric-vehicle makers Li Auto, XPeng, and NIO deliver a combined 65,604 vehicles in July. That's a record and up more than 100% from last year.  ( 26 min )

"We made a change in our U.S. distribution center that added capacity to support higher revenue in fiscal Q4 and beyond," Rockwell's chief executive Blake Moret said. The company said on a post-earnings call it had missed about a week of planned shipments in May due to a longer-than-expected changeover to a new third-party logistics supplier at its North American distribution center.  ( 31 min )

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ZIM Integrated Shipping Services, Nordic American Tankers, and Eneti are the top performers for value, growth, and momentum, respectively.  ( 22 min )

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Signs of a softening demand in the quarters ahead have hurt airline shares this earnings season.  ( 26 min )

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Shares of Tupperware soared more than 20% ahead of the opening bell, continuing a meteoric rally that has more than quadrupled the value of the stock since the start of July. The gains are reminiscent of the meme stock mania that swept markets in recent years, when a speculative frenzy sent shares  ( 23 min )

ZoomInfo shares are down sharply after the database information provider trimmed its full-year financial forecast.  ( 26 min )

The company is rolling out 19 products or new uses within 18 months, CEO Albert Bourla said.  ( 27 min )

The maker of Malboro cigarettes saw revenue hit by lower cigarette volumes. Price hikes helped offset that.  ( 26 min )

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The bar was high after Royal Caribbean's blowout numbers last week.  ( 26 min )

The ride-hailing company posts its first-ever quarterly operating profit and gives better-than-expected third-quarter guidance.  ( 26 min )

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Southern Copper Corp. is the best value copper stock and Capstone Copper Corp. leads for growth and momentum in this metals industry.  ( 21 min )

Altria, which has been raising prices to counter the defection of consumers to cheaper brands in the face of persistent inflation, has banked on demand for its premium offerings from the Marlboro brand of cigarettes, which it markets and sells in the U.S. Altria, like peer Philip Morris, also benefited from strong demand for spitless nicotine pouches, which are an alternative to traditional moist chewing tobacco.  ( 31 min )

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Norwegian Cruise Line Holdings forecast third-quarter profit below estimates on Tuesday, as higher fuel costs reverse its gains from pent-up demand for cruise bookings and raised ticket prices. Shares of the company, which appointed a new CEO in March, were down 7.2% in premarket trading. Cruise operators have been wrestling with elevated costs associated with food, raw materials, fuel, a stronger U.S. dollar and labor due to the pandemic that were exacerbated by the Russia-Ukraine war.  ( 31 min )

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 9 min )

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Revenue was lifted by higher sales across all three of its major segments.  ( 25 min )

Pfizer Inc on Tuesday fell short of Wall Street estimates for quarterly revenue, hit by declining sales of its COVID-19 products. Total revenue for the second quarter at $12.73 billion missing analysts' estimates of $13.27 billion, according to Refinitiv data.  ( 30 min )

U.S. energy infrastructure group Enterprise Products Partners LP reported lower earnings for the second quarter due to a major year-on-year drop in the price of natural gas liquids, which affected margins, the company said on Tuesday. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the second quarter of 2023 were $2.17 billion, versus $2.36 billion a year before. Lower revenues on the company's EFS Midstream System, as well as lower volumes on its propylene and octane enhancement business, also affected earnings, it said.  ( 31 min )

Chinese electric-vehicle makers Li Auto, XPeng, and NIO deliver a combined 65,604 vehicles in July. That's a record and up more than 100% from last year.  ( 26 min )

Three compelling reports show just how damaging RTO mandates are turning out to be.  ( 33 min )

The reality is you may lose your ability to negotiate when you put all cards on the table.  ( 32 min )

(Bloomberg) -- Shares in Asia rose Tuesday following bullish trade on Wall Street as investors parsed further signs of stability in the global economy.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsLots of US Homeowners Want to Move. They Just Have Nowhere to GoCharles Koch-Tied Group Seeks to Block Trump From GOP NominationA 5% US Mortgage Rate Is Seen as Tipping Point to Unlock SupplyEquities i  ( 34 min )

(Bloomberg) -- The S&P 500 received its most bullish outlook yet from Oppenheimer Asset Management, which sees further upside for stocks as the Federal Reserve nears a pivot and the US economy stays resilient.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationLots of US Homeowners Want to Move. They Just Have Nowhere to GoA 5% US Mortgag  ( 31 min )

Arista Networks soars after issuing revenue guidance above forecasts, while ZoomInfo tumbles after cutting its outlook. Earnings are expected Tuesday from Merck, Pfizer, Caterpillar, Uber, and Advanced Micro Devices.  ( 27 min )

The energy giant raised its dividend by 10% and announced a new $1.5 billion share buyback program.  ( 27 min )

(Bloomberg) -- BP Plc raised its dividend by 10% and said it would buy back another $1.5 billion of shares, even as its second-quarter profit fell by more than expected amid weaker oil and gas prices. Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationLots of US Homeowners Want to Move. They Just Have Nowhere to GoA 5% US Mortgage Rate I  ( 8 min )

French tech company Atos said on Tuesday that it was in talks to sell its Tech Foundations unit to Czech billionaire Daniel Kretinsky's EP Equity Investment (EPEI). Atos said this sale would result in a positive net cash impact of 100 million euros ($109.9 million), and the transfer of 1.9 billion euros worth of on-balance sheet liabilities, resulting in an overall enterprise value of 2 billion euros. Atos will also re-name itself as Eviden, following the sale.  ( 30 min )

The Wall Street consensus estimate is that AMD will report revenue of $5.3 billion with adjusted earnings per share of 57 cents for the June quarter.  ( 26 min )

HSBC Holdings reported a 235% increase in first-half profit on Tuesday, as it benefited from rising interest rates around the world and the positive effects of its planned French unit sale.Europe's largest bank with a market value of $162 billion posted a pretax profit of $21.7 billion for the first six months this year, versus $9.2 billion a year earlier. The results were better than the $20.9 billion mean average estimate of brokers compiled by HSBC.  ( 30 min )

CVS Health is shedding 5,000 jobs to help reduce costs as the U.S. pharmacy chain sharpens its focus on healthcare services, the Wall Street Journal reported on Monday. CVS added that the jobs affected will primarily be corporate positions, according to the report, citing a memo reviewed by WSJ. CVS did not immediately respond to a Reuters request for comment.  ( 30 min )

Bitcoin and Ether traded little changed on Tuesday morning, both holding at support prices they have fluctuated around for several weeks.  ( 32 min )

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Since the end of the Second World War, the US has been the 800-pound gorilla of the world economy – the largest in monetary terms, the largest producer, the largest innovator, the largest financial market. That dominance has been challenged in the last couple of decades, with the rise of China to become the world’s second-largest economy, the expansion of Taiwan’s semiconductor chip industry to global leadership, the ingenuity of South Korean tech firms – especially in AI, and the expansion of I  ( 10 min )

"Lower inflation and stronger economy and good guidance and good profits, what's to stop this market now?"  ( 7 min )